Grant Thornton UK partners pocketed more than £680,000 ($903,000) on average in 2024 as the firm boosted revenue and concluded a deal for private equity investment.
The profit per partner in 2024 represents a 6% increase from last year, and revenue at the top-10 firm grew 10% to £759 million.
But the firm’s pre-tax profits were flat at £144 million, just £900,000 more than the previous year, it announced in its annual report Wednesday.
Grant Thornton blamed the flat profits on expenses related to private equity investor Cinven buying a strategic stake in November in a deal finalized Tuesday. ...
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