Mazars UK 2018 Financial Results
Mazars, the international accountancy and advisory firm, has released its UK results for the year ended 31 August 2018.
This is the ninth successive year of revenue growth and sixth of profit before tax growth. The firm’s overall revenue increased from £173.6 million to £181.4 million, representing 4.5% growth. Operating profit was £33.5 million, a 3.7% increase over the previous financial year.
Phil Verity, UK Senior Partner, said:
"This year has been one of transformation, both across our industry and within our firm. Against this backdrop, we operate within an environment of strong leadership and governance. We continue to build a business with sound fundamentals and performance, which has a positive impact on its people and clients, embraces its international footprint, and stands out for its contribution to society.
"This year’s UK results demonstrate the strength of our client base and the talent and hard work of our teams.
"As part of our commitment to widening participation we are pleased to be active members of Access Accountancy and to have entered the Social Mobility Employer Index in 2018 for the first time as one of the highest new entrants. The shift towards agile working and office upgrades across the firm, alongside a focus on diversity and inclusion, lies at the foundation of building a modern, progressive and sustainable firm which supports the provision of excellent service to our clients.
"Investment in technology grew significantly as the firm continues to commit to large-scale IT projects to improve client service propositions and core infrastructure.
"This is an exciting time and we are committed to playing our full part in driving forward quality and accountability across the sector".