- 362.4mrevenue, Sustainable growth of 8.3%
- 25.4%growth in sustainability services
- 6increase in UK headcount. Team growth to 3,469.
- 374early career joiners in FY24
- 187partners: 30.5% female partner representation
Driven by demand from clients, growth was strong across service lines and sectors. Investment in audit services resulted in 15.1% growth, whilst sustainability services recorded rapid growth (45.4%). Reflecting the needs of clients and the strength of its multidisciplinary model, the firm also enjoyed growth in revenue across Advisory & Consulting (2.1%), Tax (3.4%) and Private Client (7.9%).
Following the formation of Forvis Mazars on 1 June 2024, the firm now sits among the largest international professional services networks, bringing clients a global perspective alongside local insights and offering career and mobility opportunities to team members.
Despite a challenging market and economic headwinds over the past year, we’ve achieved sustainable growth in revenue, profitability and headcount. Thanks to our multidisciplinary model, our teams have been able to anticipate clients’ needs and respond with the right expertise and support. I’m particularly proud of the strong growth in audit, reflecting both the shifting dynamics in the top end of the audit market and our investment in competing to win in key audit sectors; building expertise and systems to deliver quality for our clients.
James Gilbey
UK CEO
Attracting and developing the best talent
Reflecting a continuous investment in talented people, headcount grew by 6% (to 3,469). The firm continued to expand its partnership, which now totals 186; nearly a third of whom (30.5%) are female. It continued to recognise and reward talent, promoting 524 team members. The firm has also invested in building its team for the future, welcoming 374 early career joiners, including 204 graduates and 86 school leavers.
To support both clients and teams, Forvis Mazars has made a series of investments to integrate data analytics and AI where they can make the greatest impact while retaining a strong focus on governance and data security. This has included the launch of data analytics solutions across its audit and advisory businesses, as well as trialling and developing AI tools across service lines including tax and financial planning.
Quality remains a cornerstone of Forvis Mazars’ strategy, and this has been reflected by the firm’s investment in its internal quality team, as well as in technology and processes. This financial year has seen investment into its global audit platform, to continue to enable the delivery of consistent and efficient quality audits that deliver value for clients.
The firm has also continued its partnership with IntoUniversity, one of the UK’s leading education charities, and formed the Forvis Mazars Foundation to supersede the Mazars Charitable Trust. The Foundation, through an annual funding commitment from the UK Partners, is able to contribute to society and support under resourced young people achieve their potential.
James Gilbey continued:
Over the past year I’m proud that we have remained committed to engaging with local communities and facilitating social mobility and education. Through career workshops and funding, our partnership with IntoUniversity continues to support young people facing disadvantage. Having supported a range of good causes for over 40 years through the Mazars Charitable Trust, the Partnership is delighted to continue its annual commitment to charitable giving via the newly incorporated Forvis Mazars Foundation. Providing young people from all backgrounds with opportunities to achieve their potential is incredibly important to us, and we are excited to make an even greater impact in the years ahead.
