Mazars, the audit, tax and advisory firm, grew 23% in the UK in the year to 31 August 2022, recording revenue of £288m. Growth was strong across all service lines and sectors, in audit and non-audit.
Meanwhile, the team in East Midlands has continued to grow, with 20 additional team members added over the year, the recruitment of new partner Hina Desai, and several promotions into director and manager roles.
The team has focussed efforts on expanding existing services, with a new, locally based Financial Services team created, as well as development of and investment into the tax capability across the corporate, private client, international, transactional and specialist tax teams.
Commenting on the firm’s growth and expansion of services in the East Midlands Steve English, East Midlands office managing partner, said: “It’s been a hugely positive year for the East Midlands team, with additional members of staff joining and a raft of promotions over the year.
“We’ve been focussed on delivering good work for our clients, and have invested in our people and capabilities across all of our service lines, including creating a new Financial Services team, and look forward to building on these successes in the next period.”
Across the UK headcount grew to 2,890, an increase of 18.5% from the previous year. The firm promoted 980 team members in FY22. The team also committed 9,000 hours to wellbeing and volunteering projects.
Phil Verity, CEO, said: “We are harnessing the firm’s positive momentum to invest in building the team of the future. From defining enhanced career pathways to creating a culture of mentorship across the firm, we are investing today to build a team with the skills, resources and support to succeed in the future.
“The business environment is uncertain, but we remain driven by our relationships with our clients, supporting them through a volatile and shifting economy, and consistently delivering quality work.”
Mazars Group, operating in nearly 100 countries worldwide, grew by 16.4%, reaching €2.45bn in fee income. The Group performed strongly across all geographies, with particularly significant growth in Africa and the Middle East (21.7%), the Americas (22.4%) and Asia-Pacific (17.1%).
Hervé Hélias, CEO and chairman of Mazars Group, said: “Despite a complex global environment, 2022 was an excellent year for Mazars across all geographies and service lines. Our performance confirms the quality and relevance of our services, as we continue our drive to offer choice and a different perspective in a highly concentrated market; providing essential competition for the healthy functioning of financial markets.”
