Following last year’s merger with Chantrey Vellacott DFK, Moore Stephens LLP, the firm’s London partnership, has announced revenues of £105.5m, representing 14% growth on the previous combined year’s figures and over £13m of new business
The results also show profits after tax of £22m (21% of revenue) and an increase in average profit per partner of 33% on the prior year.
The firm is the largest member of the Moore Stephens UK network, which was ranked ninth in last year’s Accountancy league table.
Moore Stephens LLP reported growth has come from both traditional sectors and services, as well as more niche areas, such as R&D tax, international funding solutions and high-level IT products.
Simon Gallagher, Moore Stephens’ managing partner, said: ‘At the time of the merger, we were confident it would provide a platform for continued, sustainable growth – and the excellent top and bottom line results from the first year of trading certainly supports this. The commercial benefits of the merger have been realised very early, which is particularly exciting for the future.’
