Accountancy giant EY has hailed the success of its Northern offices after posting a 17.2% rise in revenues.
EY said it had seen growth across all parts of the business, and said it had seen big increases in student recruitment at its Manchester, Leeds and Newcastle offices. EY teams in Leeds and Manchester made “significant contributions” to the firm’s deals success in the North, the firm said, while it also highlighted investment to its new office in Liverpool.
The company also opened the UK’s first Neuro-Diverse Centre of Excellence in Manchester in January.
Read more: Vertu buys Yorkshire motorbike dealers
Stephen Church, EY’s UK market leader for the North, said: “This has been an impressive year of growth for our business in the North of England and across the UK firm as a whole. We’ve continued to expand our teams with senior partner appointments and our largest ever graduate and apprentice in-take, as well as supporting our clients across the region through our expanded service offerings.
“I’m particularly proud of the Neuro-Diverse Centre of Excellence which was created in Manchester this year and has proved to be both an incredible asset and a wonderful addition to the raft of talented people we have across all our offices. While the economic outlook continues to be challenging throughout the UK, and indeed globally, the investments we’ve made in our business mean we are well-positioned to continue our growth, support our clients across the North of England, and meaningfully contribute to the businesses and communities we work with.”
EY said that its UK fee income grew to £3.23bn from £2.75bn the previous year, while distributable profits before tax increased to £634m. Average distributable profit per partner increased 7% to £803,000.
The company’s revenue from consulting grew by 33%, with significant rises too in tax, assurance and strategy.
UK chair Hywel Ball said: “This has been a record year of growth in the UK, driven by the long-term investments we’ve made in our business and strong client demand. The decisions we’ve made in recent years, whether that’s continuing to recruit during the pandemic, expanding the partnership, or the significant financial investments we’ve made in acquisitions and new technologies, have underpinned the extraordinary growth we’ve seen this financial year.
“With companies facing a convergence of challenges, from climate change and the pandemic to economic uncertainty and shifting consumer habits, we’re investing in the talent, skills and services needed to help our clients transform, grow and build trust with their stakeholders."
READ NEXT:
