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Mazars UK 2016 financial results

Posted: 19/04/17 by triad

International accountancy and advisory firm Mazars has now published its UK consolidated financial statements for the year ended 31 August 2016.

The firm’s overall fee income increased from £149 million to £160 million, representing 7% growth. This is the 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.

“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).

Stephen Eames, Milton Keynes Office managing partner added: “These results show another strong year for Mazars, a trend which has been mirrored here at our Milton Keynes office. By responding to our clients’ needs and growing our teams that support them, the firm has experienced an impressive fifth successive year of growth and I am exceptionally proud of the hard work of each member of the team here at Milton Keynes and nationwide.”

There are currently 12 partners and 200 members of staff at Mazars Milton Keynes.

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