EY continues growth in North of England, as UK revenues hit record high of £3.23bn

EY has announced record levels of growth for its UK business, with revenues up 17.2 per cent and UK fee income increasing to £3.23bn from £2.75bn over the last financial year.

As partners prepare to vote on whether to separate into two businesses, a global partnership and a new corporate, EY says that it is well-positioned to approach this “industry-defining” move, with a strong UK business driven by long-term investments in its people, technology, sustainability and audit quality.

EY has seen growth across all parts of the business, including in the North of England. Over the last financial year, new appointments have seen the region’s partner team grow to over 105.

More than 200 graduates and apprentices were also recruited across the region, with 104 students joining EY’s Manchester office, the highest number in any of EY’s offices outside of London in 2022.

EY’s Leeds office welcomed 32 per cent more student recruits this year compared with 2021, while the Newcastle office bolstered its ranks with 25 per cent more new graduates and apprentices than the previous year.

EY’s team in the North East was also proud to see 19 chartered management degree apprentices graduate from its most recent cohort. Liverpool meanwhile welcomed 10 new graduates and apprentices, including student recruits from local universities and colleges, building on the firm’s investment into the City.

Over the last financial year, teams across the North of England has also continued its momentum in the deals market, helping to seal transactions worth in the region of £4.3bn. EY teams in Leeds and Manchester made significant contributions to the firm’s deals success in the North, providing expertise on a wide range of deals.

Investment in Liverpool continued with the firm’s new office on the Albert Dock, which opened in May, followed by increased headcount through recruitment and UK-level acquisitions.

Stephen Church, EY’s UK market leader for the North, commented: “This has been an impressive year of growth for our business in the North of England and across the UK firm as a whole.

“We’ve continued to expand our teams with senior partner appointments and our largest ever graduate and apprentice in-take, as well as supporting our clients across the region through our expanded service offerings.

“I’m particularly proud of the Neuro-Diverse Centre of Excellence which was created in Manchester this year and has proved to be both an incredible asset and a wonderful addition to the raft of talented people we have across all our offices.

“While the economic outlook continues to be challenging throughout the UK, and indeed globally, the investments we’ve made in our business mean we are well-positioned to continue our growth, support our clients across the North of England, and meaningfully contribute to the businesses and communities we work with.”

By Matthew Neville – Correspondent, Bdaily

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