Accountancy giant PwC has today reported revenue growth of 3 per cent to £2,689 million for the year ended June 30, up from £2,621 million in the previous year.
The firm, which has a Liverpool office on Princes Parade on the city’s waterfront, says its assurance practice, which includes the audit business, grew by 1 per cent to £969 million and tax grew by 3 per cent to £680 million.
Meanwhile deals remained constant at £562 million and consulting grew by 9 per cent to £478 million and profit for the year was £740 million, up from £727 million in 2012.
PwC, which has over 700 employees in the North West, has not published a regional breakdown of the results, but it is understood the Liverpool and Manchester areas saw a significant uplift in profits for the year.
During 2013 the firm welcomed five new partners and nine directors in the North West and in Liverpool, where it employs 70 staff, it created eight graduate and Higher Apprenticeship posts.
Martin Heath, office senior partner at PwC Liverpool, said: “The business environment in the region remains tough and our growth across all service lines demonstrates the value our clients place on the range and depth of our expertise.
“We’ve focused on delivering a better service to our clients through on going investment in our people. Our raft of promotions reflects our strategy of building the right team of specialists so that we can continue to help our clients be successful.”
During the year the North West deals teams advised high profile acquisitions such as that of Kidsunlimited by Bright Horizons and eBet by Sportech.
Mr Heath added: “Investment in the local community remains a priority and this year we have increased the number of graduate and apprenticeship places offered.
“We raised £15,000 for The Prince’s Trust in the Zero to Hero challenge and continued to support school pupils offering careers advice and interview practice with staff. We have also invested significant time and resource providing mentors to a number of local social enterprises to support their growth.”