Mazars UK sees revenue grow by 7% to £160 million

24 April 2017 Consultancy.uk

Mazars UK saw its revenue grow by 7% last year to £160 million, continuing a winning run. The firm, which recently refreshed its executive team, now has 140 partners and 1,700 employees across 19 offices.

In its latest financial year, the accounting and consulting firm booked a 7% revenue hike to its UK-based operation, growing turnover from £149 million last year to £160 million this year. Mazars has enjoyed steady business growth over the past five years, last year at 14.5%, with revenues now 40% higher than in 2012.

The firm recently expanded its operations in the south with the addition of a team from rival Grant Thornton to its office in Poole, as well as appointed a new Executive team.

Mazars enjoys 7% growth in revenues to £160 million

The firm’s Tax and Financial Planning services line saw the biggest increase over the previous year, up 11.3%. Its Financial Advisory, Accounting and Outsourcing business too saw solid growth, up 6.6% on the previous year. The firm’s Assurance and Internal Audit and Consulting and Actuarial business lines also saw solid growth, at 5.3% and 5.2% respectively.

Phil Verity, who was recently voted as the firm’s UK Senior Partner, reflects that he is “proud” that the firm has achieved such consistent growth in its business with increases in turnover and profit. He adds, “Our growth has been sustainable and provides an excellent foundation for the next four years. Looking ahead we will continue to invest in our business to achieve further long-term sustainable growth. Our people are critical to this and we remain committed to nurturing and developing talent to deliver trust, create value and offer exceptional service to our clients.”

Globally, Mazars saw its global revenues increase by 10% last year to €1.36 billion, generated by 950 partners and 18,000 professionals.

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