The Birmingham office of one of the so-called ‘big four’ professional services has highlighted the appointment of three new directors and 10 partners in the past year as the company posted encouraging annual results.
PricewaterhouseCoopers LLP (PwC), which has a major regional headquarters at Cornwall Court, announced turnover growth of 4 per cent to £2,331m up from £2,248m in the previous year, with underlying net revenue also increasing 4 per cent to £2,069m.
However, profit available for division among members decreased by 7 per cent to £622 million while profit per partner fell to £759,000 from £777,000.
Mark Smith, regional chairman at PricewaterhouseCoopers LLP in the Midlands, said the company was continuing to invest in its future despite the challenging economic environment.
He said: “Given the tough economic and market backdrop, we have delivered a good, solid set of results here in the Midlands, which are in line with those reported at a national level. The last financial year has seen the firm working closely with local companies and across the public sector to help our clients navigate through the recession and prepare for opportunities that should arise as the UK returns to positive, albeit modest, growth.
“We have continued to invest in our business locally and have recently promoted three new partners and 10 new directors in the Midlands to further enhance the range and depth of services we bring to our clients. We look forward to welcoming over 90 graduates later this month, many of who are from universities in the Midlands, highlighting our continued commitment to investing in talent from the region.”