PA Consulting caps 80th anniversary year with record turnover
PA Consulting has capped its 80th anniversary year with a record turnover of £790 million.
Founded in 1943 in London, PA Consulting has since grown into one of the world’s leading management and technology consulting companies. The firm operates with offices in the United Kingdom, Ireland, United States, Nordics, and Netherlands.
In its 2023 financial year, PA Consulting generated fee income of £790 million, up 1% on 2022 and up 73% on five years previous, and saw its team grow lightly to around 4,100 staff. In the years ahead, PA Consulting aims to grow into a £1 billion business.
Christian Norris, CEO of PA Consulting, said the firm’s leadership team is satisfied with the results, in particular against the backdrop of significant geopolitical, economic and social turmoil, and at a time when most of its rivals are trimming down on their headcount in response to a broad decline in consulting spend from the peak seen over the past two years.
“At PA Consulting, we believe in the power of ingenuity to build a positive human future. This is our purpose, and it guides our every action. Finding new, innovative ways to build a positive human future is more urgent than ever. I am proud of the work we have done in 2023 to achieve exactly this, bringing deep industry and technical expertise to unlock new opportunities for our clients,” Norris said.
Examples of such projects include working with the UK’s Ministry of Defence (MOD) to deliver CRENIC – a project that will keep soldiers safe from radio-controlled threats. The project has so far brought together 110 diverse and globally dispersed tech, innovation, and AI businesses into the same ecosystem – breaking down some of the traditional barriers around public sector procurement to fast-track innovation.
In the US, a PA Consulting designed life-saving bore drill to replace archaic and high-risk methods in intracranial surgery, received Food and Drug Administration (FDA) clearance. This new-to-world neurotechnology is now being prepared to be brought to market, with the potential to save many lives.
In the Netherlands, PA Consulting is working as a strategic advisor closely with Amsterdam Airport Schiphol, one of the world’s busiest airports. The firm’s consultants among others helped the airport design and develop plans for making its operations more sustainable.
In other 2023 highlights, PA Consulting bagged multiple awards for the quality of its work – including being named a World’s Best Management Consulting Firm by Forbes and a Top Consulting Firm by Consultancy.uk – and saw its internally-gathered client recommendation score grow to 97%.
PA Consulting’s 4,000 staff spent more than 21,000 hours volunteering to support local communities across its footprint last year, including supporting immigrants and refugees with advancing their skills and gaining employment. Under the mantle of the PA Foundation, staff from PA Consulting also worked with a charity to strengthen the educational competencies of vulnerable children, among others.
Notably, last year was a quiet year for PA Consulting’s M&A team – in each of the previous five years the firm had been involved in one or more transactions.
