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Forvis Mazars has revealed that its revenues rose 8% to £362.4m in the year ended 31 August 2024, its 15th consecutive year of growth.
Investment in audit services resulted in 15.1% growth, whilst sustainability services recorded rapid growth (45.4%). The firm also enjoyed growth in revenue across advisory and consulting (2.1%), tax (3.4%) and private client (7.9%).
This growth comes in its first year as a global network after becoming Forvis Mazars on 1 June 2024.
The firm’s headcount grew by 6% to 3,469 and it now has 186 partners, nearly a third of which (30.5%) are female. The firm has also invested in building its team for the future, welcoming 374 early career joiners, including 204 graduates and 86 school leavers.
James Gilbey, CEO of Forvis Mazars in the UK, said: “Despite a challenging market and economic headwinds over the past year, we’ve achieved sustainable growth in revenue, profitability and headcount. Thanks to our multidisciplinary model, our teams have been able to anticipate clients’ needs and respond with the right expertise and support.
“I’m particularly proud of the strong growth in audit, reflecting both the shifting dynamics in the top end of the audit market and our investment in competing to win in key audit sectors; building expertise and systems to deliver quality for our clients.”
He added: “Over the past year I’m proud that we have remained committed to engaging with local communities and facilitating social mobility and education. Through career workshops and funding, our partnership with IntoUniversity continues to support young people facing disadvantage.
“Having supported a range of good causes for over 40 years through the Mazars Charitable Trust, the Partnership is delighted to continue its annual commitment to charitable giving via the newly incorporated Forvis Mazars Foundation. Providing young people from all backgrounds with opportunities to achieve their potential is incredibly important to us, and we are excited to make an even greater impact in the years ahead.”
