Mazars revenue grows by 14 per cent for year ended August 2015, as advisory services grow by 25 per cent

Hayley Kirton
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Audit and actuarial work was responsible for most of the firm's fees (Source: Getty)

Mazars has today reported revenue of £149.7m in its UK business for its year ended August 2015, a rise of 14 per cent compared to £130.9m the year before.

The accountancy firm also announced a boost in its profits to £28.8m, up 10 per cent from £26.2m in 2014.

Phil Verity, UK senior partner at Mazars, said:

"This is a very strong set of results; we continue to make excellent headway and I’m proud of the advances we’ve made across the business. The firm has experienced over 45 per cent growth since 2010, one of the fastest growth rates among the top ten UK firms. This is thanks to our strategy of achieving long-term sustainable growth by responding to clients needs, developing our international capabilities, investing in the markets where we shine and pursuing the right opportunities as they arise."

Audit and actuarial services were bread and butter for the firm during the year, pulling in £59.6m in fees.

However, the firm's advisory offering brought home £42.9m in fees in 2015, an increase of 25 per cent on £34.4m the year before.

Mazars also performed well on an international level, with the group reporting €1.3bn (£1bn) in earnings, an increase of 16 per cent.

Although most of the UK firm's growth during the period was organic, it did acquire CompetitionRX, a specialist financial adviser, towards the end of its accounting year.

More recently, Mazars announced that it has merged with Chinese audit firm ZhongShen ZhongHuan in December last year.

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