International accountancy and advisory firm Mazars has recorded a fifth year of successive growth for the year ended 31 August 2016.
Mazars' overall fee income increased from £149m to £160m during the year, representing a 7% increase. This is the company's fifth successive year of growth, and an increase in income of nearly 40% since 2012.
Growth in all the firm’s service lines was strong, particularly in Tax and Financial Planning (+11.3 %) and Financial Advisory, Accounting and Outsourcing (+ 6.6 %). Assurance and Internal Audit saw growth of 5.3 % with Consulting and Actuarial yielding 5.2 % growth.
Phil Verity, UK senior partner said: “I am proud that we have achieved such consistent growth in our business with increases in turnover and profit. Our growth has been sustainable and provides an excellent foundation for the next four years.”
He added: “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.”
The Mazars Group revenue grew by more than 10% year on year, to €1.36 bn (as at 31 August 2016).
Oliver Hoffman, Leeds office managing partner added: “This is a strong set of results; we continue to make excellent headway and the growth in the Leeds office mirrors our national performance.
"The firm has experienced an impressive fifth successive year of growth by responding to our clients needs and growing our team which supports them.
"Our Leeds team has worked exceptionally hard, bringing on board some impressive client names who we are delighted to support.”
Mazars now has 12 partners and 125 staff in Leeds.