Accounting giant Deloitte, that features a large office in Nottingham, has announced revenue increases of 11.2% to 3.4bn – despite serving a six-month ban on?lucrative government consultancy contracts.

The ban which was only lifted in July would be a outcome of a leaked memo?criticising ministers’ Brexit plans and cost the firm dearly and although it turned out the 2nd consecutive year of double-digit growth, the interest rate of growth was slower when compared to 2016, when revenue rose 13.6 per cent.

However,?the firm did win several major audits across the year, including BAE Systems, BP, Centrica and GlaxoSmithKline, and, due to this fact, the firm now audits 26 per-cent on the FTSE 100’s companies.

Shareable profits stand at 608m translating into an?verage profit per equity partner of 865,000 up from 837,000 in the previous year.

David Sproul, Senior Partner and Us president of Deloitte, said: “This is an excellent performance in the complex and uncertain market that is depending Brexit and the elections in the united states and UK. Our Consulting and Audit and Risk Advisory businesses both grew by double-digits. Consulting has continued to find out significant consideration in technology-enabled business transformation its keep may be further strong growth in Deloitte Digital, our creative digital consultancy. The firm won several major audits this current year, including BAE Systems, BP, Centrica and GlaxoSmithKline which contains taken our share in the FTSE 100 audit market to 26% so we saw further success during the FTSE 250, private and international markets. Our Risk Advisory business has seen increasing demand for supplier risk, cyber and regulatory advice.

“Growth in tax was driven from the global tax reset, Brexit as well as prospects for US tax reform, alongside continued need for technology-enabled compliance services. Financial Advisory advised on 87 M&A deals last year that has a total valuation on over 7bn and we all advised on 38% of main market IPOs. All of us saw strong boost in forensic driven by a number of large investigations and regulatory remediation work across Europe. From an industry perspective, growth was notable in Consumer and Industrial Products and Life Sciences and Healthcare.”

Sproul added: “We have continued to speculate through this year of uncertainty knowning that purchase of our people, in winning market share plus in building market leading solutions has resulted in flat distributable profits.”

Deloitte says it promoted greater than 5,000 people this season, around the UK, the firm promoted 57 new partners and recruited an additional 30. The proportion of female partners in the united kingdom now stands at 19%, up from 14% in 2014. Deloitte includes a target that 25% of partners might be women by 2020.

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