Partner Article

Deloitte North East end of year figures show positive outlook

Deloitte’s end of year figures show a reassuring return to growth, after the business advisory firm reported revenues of £80 million over the past year.

It is now hoped that this positive performance will cement the company’s role in the regions recovery by allowing them to work closely with clients to grow their businesses.

The company have established a large client base in the region, including Sage, Arriva and Procter and Gamble. The tax practice and the corporate finance have had a particularly strong year, and advised on big deals with GE and Executel.

Martin Jenkins, Practice Senior Partner and head of Corporate Finance for Yorkshire Bank commented: “We have placed a clear focus this year on putting the building blocks in place for the future success of our firm.

“We are investing heavily in our people, graduates and new partners to broaden and deepen the range of expertise and services we offer clients.”

The firm has increased its headcount in the region by 5 percent to 566 people, at all levels, from new partners to recent graduates. The firm has also created A level entry routes for high achieving school leavers to gain professional business qualifications.

Deloitte is also heavily involved with preparations for the Olympic games next year, providing over 100 secondees and 150 advisory projects to the Organising Committee. The firm has contributed more than 350,000 hours of expertise in total so far, a figure, which is expected to double by the end of the Games.

Martin added: “We have a clear ambition to establish Deloitte as the distinctive firm, standing apart form the competition through the impact we have on the reputation and success of our clients, and contributing to a sustainable and prosperous society.

“With the UK at an economic crossroads and the public sector downsizing, the UK and this region in particular will rely increasingly on the private sector to create jobs and boost the economy, and Deloitte has a key role to play in this.

“The wider economic environment provides a real challenge to Deloitte, and we are forced to plan our business on the basis that the market isn’t going to do us any favors, but we are currently very focuses on helping our clients capitalize and grow.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .