Plenty of profit for UK partners after Deloitte reports strong earnings

 
Chris Papadopoullos
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Deloitte's revenue hit £2.71bn in the 12 months ending 31 May (Source: Getty)
Deloitte UK partners received bumper payouts this year after high business confidence led to a robust company performance.

The professional services firm’s revenue hit £2.71bn in the 12 months ending 31 May, up 6.4 per cent on the year before, it said this morning. Consultancy revenues led the way with a rise of 10.5 per cent.

Profit distributable to partners increased by seven per cent to £593m while the average profit earned by each partner in the year was £822,000, a jump of 9.6 per cent.

“The past 12 months have been marked by improved economic conditions and stronger business confidence. Whilst we saw some hesitation in the run-up to the General Election, the broad-based increase in appetite from UK plc to invest in growth, productivity and efficiency improvements, governance and risk management and their customer focus has contributed to a positive set of results for our firm,” said Deloitte chief executive David Sproul.

Deloitte UK also reported a gender pay gap of 17.8 per cent. It said the stark difference between men and women’s pay was due to fewer women holding top positions, rather than how it chooses to pay people. The company wants 25 per cent of its partners to be women by 2020.

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