Professional services firm EY grew its business to more than 14,500 people across 23 offices in the UK, and a network of 150 countries and 260,000 people around the world.
This investment helped EY to serve 23,000 UK clients, both large and small, supporting economic growth across the country and helping to deliver on our purpose of Building a better working world.
EY reported UK income growth of 2.7% in the financial year ending 30 June 2018, growing from £2.35bn to £2.41bn with a five year compound annual growth rate of 7%.
Tax grew by 7.3%, Advisory grew by 3.8% and transaction advisory services was up by 1.5%.
Steve Varley, EY’s UK chairman said: “We remain focused on the quality of our audit work and we also welcome the recently announced market study by the Competition and Markets Authority.
“This study, together with Sir John Kingman’s review and the FRC’s work on corporate reporting, presents a golden opportunity to examine the role of audit and to reinforce the focus of auditors and company directors on audit quality.”
EY continued its expansion outside of London with new state-of-the-art offices in Manchester and Edinburgh and substantial investment in the Newcastle office. Additionally, 42% of all new hires by the firm were in offices outside of London.