After completing the merger with RSM Robson Rhodes last July, Grant Thornton UK LLP has grown into a £389m turnover business with more than 300 partners and 4,100 staff operating from 33 locations in the UK, Cayman and the British Virgin Islands.

The firm has just recorded 14% turnover growth for the year ending 30 June, with a 16% increase in profit to £76m. The figures represent the 10th consecutive year of annual income growth and were achieved on strong performances across a number of service streams.

Grant Thornton’s corporate finance business benefited from an upturn in merger and acquisition activity which helped deliver growth of 28%, while its tax services rose by 17%; and its audit and assurance practice recorded a 12% increase in fee income.

Michael Cleary, Grant Thornton chief executive officer, said the merger with RSM Robson Rhodes had propelled the firm into a ‘different league’, making it ‘a leading player in the mid-market and the provider of non-audit services to one in four of the FTSE 100.

Further reading:

Grant Thornton revenues jump 17%

Grant Thornton and Robson Rhodes tie the knot