Mazars’ UK profits soar as Northern regions give the firm a boost

MAZARS grew its UK profits by 18.2% in the year to 31 August 2014, and increased its income in the North by 14%.

The firm’s profit before tax increased to £26.2m compared to £22.2m in the previous year.

The firm has achieved 14% organic income growth across its Northern Region in its 2013/14 financial year.

Mazars overall fee income for the 2013/14 period was up 8.6% to £130.9m, marking five successive years of growth and an overall increase in revenues of 28% during the same period.

The firm has now recorded fee income growth for nine out of the last ten years.

The Mazars Northern Region consists of offices in Leeds, Manchester, Liverpool, Glasgow and Edinburgh.

The firm has extended its Northern presence through its income growth and increase in partners and staff numbers by 15% to 300 over its 2013/14 financial year.

The Leeds office has achieved double digit organic growth and is predicting the same again in 2014/15.

This growth led to two new partner appointments at the end of last year. Rob Burton was been promoted to corporate finance partner and Craig Manson joined the firm as audit and advisory partner from Garbutt and Elliott.

Ian Wrightson, Northern Region managing partner said: “Mazars Northern Region has had a fantastic year as we continue to achieve strong annual growth and enhance our position and reputation in the local markets across the North.

“Our Leeds team has worked exceptionally hard, bringing on board some impressive client names who we are delighted to support.

“We have also reaped the benefits of the exciting partnership with YCCC which has substantially raised our brand profile and was extended recently until the end of 2016.

“Our target for 2015 is to build upon this momentum and further enhance our reputation and visibility in the North, such that we continue to be a draw not only for clients but for talent within the accounting sector.”

Mazars now has 12 partners and 93 staff in Leeds.