Grant Thornton posts double digit growth

Kashflow logo
2

Grant Thornton increased revenues by more than 10% in its 2012 financial year thanks to strong growth in the mid-tier firms advisory and corporate finance divisions.

Revenue for the financial year ended 30 June 2012 rose 10.6% to 417m, GT said on 15 October.

CEO Scott Barnes, commented: The partnership has delivered a strong result for the year, which is ahead of expectations and testament to our core strategy and the hard work and vision of the people within the business.

We are seeing revenue growth benefits from our 2011 investments and work wins and are forecasting continued growth in 2012/13 from the gains we made in 2011/12, most notably our Audit Commission contracts, which confirm our ability to undertake quality audits of large and complex organisations.

Average profit per partner dec...

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

Nick Huber
Freelance journalist
Share this content

Replies

Please login or register to join the discussion.

18th Oct 2012 10:28

Interesting sales mix

29% of sales revenue is Assurance (compliance). When you add tax this you have 51% with 49% being advisory.

It would be interesting to know how the profit splits out but this is the type of mix we are going for.

Bob Harper

Crunchers Accountants

 

Thanks (0)
avatar
18th Oct 2012 16:05

and is probably

where most practices should be aiming for......but like you say, it would be interesting to see the actual profit split (given some areas of tax can probably demand a high level of expertise at a premium cost to the respective firm)

Thanks (0)