Mazars, the international audit, tax and advisory firm, has reported a 14% increase in fee income to £234m for year end 31 August 2021, up from £204.6m, with partner earnings up by a third
This marks the twelfth consecutive year of revenue growth, enabling the firm to recruit over 1,100 new team members.
Partner earnings were up substantially on the previous year with the estimated profit payable to partners hitting £4.6m, up from £3.4m in 2020, equivalent to an average payout of £330,000 to the 139 partners.
Phil Verity, CEO of Mazars, said: ‘Throughout 2021 one common thread has remained unbroken across our firm: the resilience and adaptability of our people. Despite multiple lockdowns, remote working and any number of individual and collective challenges, our teams have provided outstanding positive support for our clients in these challenging times.’
All service lines reported strong performance with significant growth in assurance and internal audit which grew by 25% to £98.4m. The business as a whole has continued to prioritise quality, and has invested in its team, processes and technology.
