EY recorded strong results in the Thames Valley

The UK revenues of Big 4 advisory firm EY grew by 7.3% for the financial year ended 2 July, while UK fee income grew to £2.75bn from £2.57bn the previous year. EY has reported growth across all its service lines - revenues in Strategy and Transactions grew 12.1%, Consulting grew 9.5%, Assurance grew 5.8%, and Tax grew 4%.

EY saw a number of senior promotions and new hires in the Thames Valley and South. These included the promotion of Katie Dallimore-Fox, Vaneeta Khurana, Ryan Squires, and Ian Dennis to equity Partner and Jane Musyoki to Associate Partner.

In September, 46 graduates and apprentices joined the firm in the Reading office. EY’s Southampton office also welcomed 19 graduates and apprentices, bringing the total intake in the Thames Valley and South region to 65.

Richard Baker (pictured), Managing Partner at EY in the Thames Valley and South, said: “In addition to recruiting graduates and apprentices, we’ve also welcomed senior hires through EY’s acquisition of Lane4 and Pythagoras and celebrated a quintet of senior promotions earlier this year.

Key metrics:

• UK revenues grew by 7.3% for the financial year ended 2 July, while UK fee income
• grew to £2.75bn from £2.57bn the previous year.
• Distributable profits before tax increased to £533m, up from £479m in FY20.
• Average distributable profit per Partner increased to £749,000 from £667,000 in FY20.
• Paid around £83m in bonuses to EY people (excluding Partners).
• Hired over 2,550 people in FY21, with 36% of roles based outside of London.
• Recruited an additional 909 graduates and 179 school leavers in September 2021, with
• 44% based in regional offices.
• Appointed 103 new UK equity Partners - 65 of whom were internal promotions.