Deloitte UK 2012 Results
Deloitte UK has reported its financial results for the year ended 31 May 2012.
“This is another robust performance in what continues to be an uncertain economic environment,” said David Sproul, chief executive and senior partner of Deloitte. “Last year we took the decision to invest heavily in people and skills, and new solutions such as Deloitte Analytics and Deloitte Digital, in order to enhance and extend the services we offer our clients.”
Revenues were up 11% to £2.3 billion; The firm enjoyed an excellent business performance for each division. Audit grew by 13% to £663 million (£586m in 2011), Tax by 7% to £529 million (£496m in 2011), Consulting by 14% to £524 million (£460m in 2011), Corporate Finance by 6% to £402 million (£381m in 2011), and Switzerland by 21% to £211 million (£175m in 2011).
There were 1,118 graduates recruited on top of 38 school leavers. All were put on the path to an expert degree level qualification. Deloitte invested £24m in the development and learning sectors. This allowed more than 750 of Deloitte’s people to achieve the professional qualification they needed. The company was supportive of hundreds of other students through scholarships and internships. A fair number of these recipients will join Deloitte at a later date.
Deloitte was responsible for the promotion of 63 new partners and 43 direct entry partners were brought into the fold from other companies and industry over the 12 months. Deloitte is quick to point out this represents a future investment.