Deloitte partners took home record bonuses this year as their average profit pay topped £1m following a year of substantial growth for the business advisors.
The company, which has bases in 26 UK locations including Leeds, Newcastle, Bristol, London, Liverpool, Cardiff, Nottingham and Birmingham, has posted financial results for 2022, during which it made record investment in people and services. Its distributable operating profit for the year ended May 31 grew 21% to £711m, meaning average profit per member reached £1,058,000, up from £854,000 a year earlier.
The year also saw Deloitte bosses distribute a one-off capital profit on the sale of the restructuring business which averaged £196,000 per equity partner. The payments come after Deloitte hailed resilient markets for driving growth, resulting in a 10% boost in revenues to £4.9bn. It said its UK advisory businesses grew by 11%, and said growth in consulting was driven by demand across the private sector as companies bounced back from the pandemic.
