Member Article

EY posts strong growth

Professional services firm, EY, which employs 350 people across offices in Leeds and Hull, has reported UK turnover growth of 6% to £1.721 billion for the period ended 28 June 2013, up from £1.631 billion the previous year.

The Yorkshire operation is a regional hotspot that represents a major growth opportunity for the firm, according to David Buckley, Yorkshire senior partner.

Underlining its significance, he points to the company’s involvement in stand-out deals here, such as the sale of ghd to Lion Capital, providing an exit for Montagu Private Equity and the administration of high street fashion retailer, Republic, resulting in a sale to Sports Direct that safeguarded 116 stores and 2100 jobs.

David Buckley said: “This region is a hive of entrepreneurial talent that contributes greatly to national economic success, with the pursuit of opportunities in fast growth markets overseas continuing to dominate the thoughts of our client base and fuelling our pipeline. As such, our new purpose is ambition and we are bringing that new purpose to life in Yorkshire with the launch of the EY Accelerate Programme – the first region to do so outside London.

“Accelerate provides a networking forum, one-to-one mentoring and learning events to support and encourage business leaders and social entrepreneurs.

“With the increased momentum in our business, we intend to recruit here in the coming year, marking our further confidence in the region where we have recently opened a new Hull office. East Yorkshire companies are active in both local and overseas markets; as a global gateway for our clients we are ideally placed to connect them internationally to accelerate their growth plans.”

Globally the firm posted revenues of US$25.8 billion – 7.7% growth over the previous financial year in local-currency terms.

David Buckley claims that success boils down to delivering exceptional client service and continual investment in its people.

This was posted in Bdaily's Members' News section by David Gatehouse .