Six months ago, Grant Thornton UK embarked on the most significant transformation in its history. Our strategic partnership with international private equity firm Cinven marked a departure from the traditional fully partner-owned model which has long defined the broader accountancy profession. It was a bold move, which has sparked considerable interest across the sector and it’s one I believe offers valuable insights for firms contemplating similar journeys.

This wasn’t a decision taken lightly. We were performing strongly by most metrics, with revenues up 11% to £724m in 2024, profits per partner consistently rising, a strong brand and a track-record for the highest quality – the result of efforts to reshape our firm over recent years.

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