Double digit growth revealed at Deloitte
Deloitte & Touche has maintained double digit growth for the fifth year running, pushing its fee income up by 15.7% to £713.6m.
The firm’s growth rate was boosted by a strong performance from B&W Deloitte, formed by the merger with the Bacon & Woodrow actuarial consultancy last year, though the firm admitted market conditions had become ‘increasingly difficult’.
Revenues from Deloitte Consulting – £220.1m – had been stripped out of the firm’s final results in anticipation of its legal separation, expected to be completed in the next few months.
Commenting on the results, Deloitte senior partner John Connolly said: ‘Looking forward, we continue to see tough markets made even more complex by the current business environment.’
But he added: ‘With over 3,500 people shortly joining the firm from Andersen UK, however, we continue to see that our relentless focus on clients and quality will ensure we perform ahead of the market across all sectors.’