Member Article

Major Yorkshire deals contribute to Deloitte success

Major Yorkshire deals have contributed to strong results for Delotte North East as the firm reports a 6.7% increase in revenue to £96 million for the regions.

They saw a significant M&A activity in the region with the sale of HML by Skipton Building Society, as well as advising Endless on the acquisition of o2o.

The firm has also partnered with Tong High School in Bradford provide tailored support and mentoring to help young people develop the skills needed to access the best possible opportunities after education

Nationally the firm’s net revenue, after expenses and disbursements, grew by 3% to £2.13 billion from £2.06 billion in 2013. Gross reported revenue was £2.55 billion, a 1.4% increase on the previous year’s revenue of £2.52 billion.

Martin Jenkins, practice senior partner in Yorkshire and North East, said: “Our practice in Yorkshire has seen growth across all businesses and our strategy of investing to grow our practice is reflected in the progress we have made in key sectors for our region such as Financial Services, Manufacturing, Consumer Business and the Public Sector.

“Looking ahead, we expect that better economic conditions will result in significant improvements across our markets.

“Last year saw a significant increase in M&A across both private equity and corporate clients and the re-emergence of IPO activity, with the practice supporting clients such as Zenith, Innovia, Lowell Group, Cattles, Allied Glass, Kromek plc, Hg Capital and LDC on key transactions.

“The first quarter of this financial year has seen the momentum in M&A continue with the firm advising Skipton Building Society on the sale of HML and Endless on the acquisition of o2o plc.”

This was posted in Bdaily's Members' News section by Clare Burnett .