EY, the professional services firm providing audit, tax, transaction and advisory services, has reported turnover growth of 8.6 per cent to £1.868bn for the year ending 27 June.
Distributable profits increased 12 per cent from £368m to £412m.
The performance of EY’s 480-strong North West practice, comprising offices in Manchester and Liverpool, was in line with the UK firm’s growth.
The firm’s Transaction Advisory Services (TAS) practice supported a number of landmark North West transactions, including the acquisition of Warrington-based Optionis by MML Capital Partners, and the secondary buyout of Skelmersdale-based Hotter Shoes by Electra Partners. More recently, the teams advised on NorthEdge Capital’s investment in Blackburn-based Accrol Papers and the sale of The Co-operative Group’s pharmacies business to Bestway.
Simon Allport, North West Senior Partner at EY, commented: “Our strong performance in the North West was underpinned by continued investment in our people and expansion across our service lines, including new client wins and advising on a number of the most significant corporate transactions in the region.
“Entrepreneurial businesses in the North West are targeting opportunities around the world as their markets improve. Our ability to deliver internationally has given us significant competitive advantage in helping our regional clients to expand across borders.”