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.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal