PwC turnover tops £3bn

PwC, the professional services firm, has reported revenue growth of 10 percent to £3.8bn for the year ended 30th June 2015, up from £2.8bn the previous year.

Profits increased by 6 percent to £818m.Matt Hammond, regional chairman of PwC in the Midlands said: “In the Midlands region, our growth has been amongst the strongest in the UK, with outstanding results achieved across all areas of the business. In the last 12 months, we have made a substantial investment in our people, with 20 partner and director promotions strengthening our senior team, and new experts in a number of areas enabling us to provide specialist services for our clients.

“We also continue to attract new talent, filling over 200 roles across our three offices in Birmingham, the East Midlands and Milton Keynes, including graduates, students on undergraduate work experience programmes and higher apprentices.”

Other highlights in the Midlands have included 25 M&A transactions over the last 12 months – worth over £3.3bn, a significant investment to develop a hub of industrial sector expertise in the Midlands, and increasing activity with clients in areas such as R&D and cyber security.

“With stronger economic growth, increased decentralisation and further confidence expected in the business community, we are committed to supporting our clients as they grow.”