After completing the merger with RSM Robson Rhodes last July,
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.
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