first_img Tags: NULL Monday 18 October 2010 8:24 pm KCS-content Business and financial adviser Grant Thornton yesterday said annual pre-tax profits grew by 40.2 per cent to £77.6m following its merger with Robson Rhodes and a period of restructuring and cost-cutting.In the year to 30 June the firm’s revenue rose 0.4 per cent to £379.7m. Advisory revenue grew 11.1 per cent to £151.2m but Assurance revenue was down by 6.2 per cent to £135.5m and Tax by 4.8 per cent to £93.0m.Chief executive Scott Barnes said Grant Thornton’s profitability and cash position had created a platform for growth as the firm emerges from the difficult economic environment. Grant Thornton’s strategy is focused on acquisitions to build on its organic growth. This week it acquired litigation support consultancy Legal Inc for integration into its forensic practice.“Our overall performance has been excellent in these conditions. We acted earlier than some others and this is reflected in our 40 per cent growth in pre-tax profits for the year and, against the backdrop of the recession, we have done well to maintain our overall level of revenue,” Barnes said. “We need to increase our profitability further but this was the start I was looking for in my first full year leading the firm.” whatsapp Share Show Comments ▼ whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Grant Thornton reports 40pc surge in annual pre-tax profit last_img read more