Professional services firm, EY’s business in Scotland has seen growth of 11% in the financial year ending 30 June, 2017.
There are more than 1000 members of staff and 35 partners working across the four offices in Scotland (Aberdeen, Edinburgh, Glasgow and Inverness) with 300 promotions made and 299 people welcomed to the firm during the last financial year.
Mark Harvey, EY Senior Partner, Scotland, said: “EY’s business in Scotland has performed extremely well with a growth rate of 11%. Our business has managed to deliver strong results despite economic uncertainty demonstrating the value of our global strategy combined with local knowledge and insight.
“We work with the greatest businesses in Scotland from start-ups, family firms, entrepreneurial businesses to the largest listed companies and we take great pride in building strong, trusted relationships with our clients.
“We have also increased the gender diversity of our leadership team to the highest on record. Overall, 31% of the partnership in Scotland is female with three key areas led by women – Laura Mair is Head of Tax, Sue Dawe is Head of Financial Services while Cara Heaney leads Global Mobility. Since July 2016, we have welcomed a total of seven new partners, three female and four male.”
The seven partners to join EY’s partnership in Scotland are: Cara Heaney, Caroline Mercer, Philip Milne, Aidan O’Carroll, Ally Scott, Lesley Stubberfield and Mike Timmins.
Mark added: “In November we will open the doors to our new, state-of-the-art office in Edinburgh giving us a 26 per cent increase in floor space to grow our team in Scotland. This move demonstrates our continued investment in Scotland and our confidence in the thriving business community here.”
The new office is part of EY’s global “EY@Work” transformation, which provides modern office space supported by the latest technology, design and environmental standards and will provide a world class environment to engage with our teams and our clients on technology related change.
Across the UK, fee income was up 9.2% to £2.35b for the year ending 30 June 2017, up from £2.15b in the previous year. EY has added over £1.3b of organic revenue since 2010.
Steve Varley, EY’s UK Chairman, says: “This is a strong performance, particularly in an environment where Brexit and other geopolitical events have added a new dimension to doing business in the UK. We’ve seen growth across all of our service lines, sectors and our main offices across the UK.
“Our success this year is the result of a long-term global strategy. We have invested in new technologies and our people, as clients turn to us for more innovative products and services and adapt to domestic and global economic trends. At a time of global flux clients have also particularly valued our ability to draw on EY’s operations across 150 countries as they seek to navigate new trading opportunities with countries such as the USA, Australia, China and India. We are also helping our clients outside of the UK to access opportunities here.”
Globally, EY reported annual revenues of US$31.4b for its financial year ending 30 June 2017. This represents a 7.8% increase over financial year 2016 revenues in local currency.