Professional services firm KPMG is set to invest in its Midlands operations following a strong financial year.
Last year, KPMG promoted 140 colleagues, including six partners, in the Midlands where it has offices in Nottingham and Birmingham. As well as this investment into colleagues, the firm outlined plans to provide new workspaces for its staff in the East Midlands by securing a new office at the University of Nottingham’s Castle Meadows Campus.
The growth was driven by a demand in KPMG’s core services – audit, tax & legal, deal advisory and consulting. Deals completed by the KPMG UK Midlands corporate finance team include: the sale of a construction management software and services company to The Access Group; the acquisition of National Tyres by Halfords; and LDC’s investment into Stonbury, the water and environmental sustainability firm.
Andy Bostock, KPMG UK Midlands regional chair, said: “The past year was an extraordinary year for businesses in the Midlands – Birmingham hosted the 2022 Commonwealth Games, which saw a record number of tourists visiting the region and a continuous flow of inward investment which has ensured that crucial infrastructure projects will be realised.
“In 2022, we invested in our staff by enhancing our benefits package and provided an in-year salary rise to recognise the hard work of our colleagues across the UK. This investment will also be continuing in the Midlands as we set to relocate our office as part of our partnership with the University of Nottingham.
“Being a responsible business is at the centre of what we do and as part of that we’ve encouraged our people to use their skills and expertise to help tackle social issues that impact our communities.
“In 2022, our Midlands based colleagues dedicated over 6000 hours on volunteering and fundraising activities. This included delivering employability programmes for students in the Black Country, raising money for Cure Leukaemia and Marie Curie, and assisting women from the Birmingham Crisis Centre to re-enter the workplace.
“This year, many of our clients will be focusing on how best to optimise the costs of their business operations while ensuring that they can still make impactful investments in digital transformation, improving ESG credentials and upskilling their workforce; and our expert teams will be on hand to support them.
“As we look to the year ahead, I’m excited to see the work that our colleagues will be doing for our clients and the social impact that we can have in the local community.”
Publishing its annual results for the financial year ended 30 September 2022, KPMG UK delivered double digit growth for the second consecutive year, recording a 16% rise in revenue from £2.35bn to £2.72bn, with profit before tax increasing from £436m to £449m.
The firm recorded double-digit sales growth in each of its major business units.
