Grant Thornton sees fourth successive year of growth

ACCOUNTANCY and advisory firm Grant Thornton, which has an operation in Birmingham, has recorded its fourth successive year of strong performance, with turnover up 13% to £471m for the financial year ended June 30.

Growth was driven in large part by continued strengthening of the advisory practice, which grew by 21.2%. The firm also saw its audit practice improve by 9.2% whilst turnover from its tax offering remained broadly flat year on year.

Grant Thornton promoted 25 partners and directors in the year and took on 280 new trainees.

Scott Barnes, CEO, Grant Thornton UK, said: “These strong results reflect the hard work and collaboration of all our people who are focused on delivering our strategy and achieving our Ambition 2015 plans.

“During the past five years, we’ve pursued a very deliberate strategy of investing in those parts of our business where we could take market leading positions – such as in the public sector audit and financial services space – along with reinforcing our strengths in our core mid-market segment.

“The investment we’ve made in our brand, and ensuring our people understand what it means and how they deliver its values, is now truly paying dividends.”

Dave Munton, regional managing partner for Grant Thornton in Birmingham, added: “The past year has been a strong year for the firm and the Birmingham office has played a key part in this growth.

“We have invested in talent across the office to respond to increased demand and we look forward to the current year with optimism as activity levels continue to gather pace.”