Deloitte North East reports hike in revenue and commits to hiring for 100 new positions

Deloitte, the business advisory firm, has reported a 6.7% increase in revenue to £96 million in the Yorkshire and North East practice, which encompasses the Leeds and Newcastle offices, for the year ended 31 May 2014.

The report by Deloitte in Newcastle also stated the firm was looking to employ 100 people over the next two years within the national Audit Centre for Excellence which is a ‘great example of near shoring.’

The firm also partnered with Cardinal Hume in Gateshead to provide tailored support and mentoring to help young people develop the skills needed to access the best possible opportunities after education.

Nationally the firm’s net revenue, after expenses and disbursements, grew by 3% to £2.13 billion from £2.06 billion in 2013. Gross reported revenue was £2.55 billion, a 1.4% increase on the previous year’s revenue of £2.52 billion.

Martin Jenkins, practice senior partner in Yorkshire and North East, said: “Whilst the market environment has continued to present challenges, the economic tide has clearly turned and we are seeing confidence increase and willingness to invest across our client base, especially as liquidity has been strong in both debt and equity capital markets.

“This has also been another year of investment in our people and in a prosperous future for the firm and our clients.

“We have promoted five new partners and nine new directors and in Newcastle we are looking to employ 100 people over the next two years within the national Audit Centre for Excellence which is a great example of near shoring.

’We will also be welcoming 50 new graduates and six Brightstarts (school leavers) into the practice in September.“

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