Grant Thornton enjoy partner profit increase of 15%

Accountancy group Grant Thornton have seen a strong year with their revenues rising to £512 million, an increase of 9%.


The national firm, with 400 staff in Liverpool and Manchester, has said that it had already hit its 2015 turnover target in the year to June.

This growth has been boosted by a 15% increase in the advisory department, which takes care of coporate finance, restructuring, etc. There has also been a 4% increase in audit with tax largely unchanged.

Though the exact figures were not disclosed, it has been reported that profits have increased by 7.7%, and on average pre-tax profit per partner was up by 15% to £402,000.

Notable projects that have benefited from Grant Thornton’s expertise include:

  • the £50 million sales of part of Lancashire-based Andrew Industries to US-listed Lydall
  • Liverpool-headquartered Edward Billiongton and Son’s acquisition of TSC Foods
  • the flotation of B&M Retail.

North West managing partner Carl Williams said:

“We’re delighted to have made a significant contribution to what are a great set of figures, reflecting the tremendous performance of the team in providing insight and value to our clients.

“The North West is home to some of the most dynamic businesses within UK Plc – and we have the pleasure of helping them innovate, move forward and break into new markets. Our public sector audit team, meanwhile, is the market leader. As a firm we continue to advise more local authorities and NHS bodies than anyone else.”


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Words: Peter Cribley

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