More NewsDeloitte unveils 15% mid-term growth

Deloitte unveils 15% mid-term growth

Big Four firm starts to reap rewards of a very lucrative 2005

Deloitte has seen growth of more than 15% in the half year to 30 November
2005, it has revealed.

M&A activity was the key driver of the huge growth, the firm said, with
consultancy revenues growing by 24% alone.

Audit revenues also surged by 16.8%, while tax was more restrained, growing
at 8.7%.

The growth meant total profits before all partner income and benefits of
£235.1m, the firm said.

Chief executive John Connolly said: ‘The resurgence of mergers and
acquisitions activity has been a key growth driver. Our M&A Group now
embraces skilled teams in transaction support which includes tax, financial,
commercial and operational due diligence, post merger integration (where we lead
the market), corporate finance and strategy consulting, debt advisory and
specialised finance. Our dedicated private equity teams have been especially
active as private equity houses expand significantly their involvement in major
transactions across Europe.’

Related Articles

Amazon UK halves its corporation tax bill despite increased turnover

More News Amazon UK halves its corporation tax bill despite increased turnover

2m Alia Shoaib, Reporter
Increase in UK business confidence despite Brexit, according to ICAEW

More News Increase in UK business confidence despite Brexit, according to ICAEW

5m Alia Shoaib, Reporter
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

8m Accountancy Age editorial
"Not enough time" to implement MTD by 2018, says Tyrie

Corporate Tax "Not enough time" to implement MTD by 2018, says Tyrie

11m Stephanie Wix, Writer
Colin: A spoonful of investment...

Governance Colin: A spoonful of investment...

11m Stephanie Wix, Writer
The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

Insolvency The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

9m Accountancy Age editorial
Leonard Curtis called in as administrators for builders Boshers

Legal Leonard Curtis called in as administrators for builders Boshers

9m Stephanie Wix, Writer
New Year Honours of 2017

Accounting Standards New Year Honours of 2017

10m Stephanie Wix, Writer