Gerald Eve announces financial results for year ending April 2016
Turnover: £54.3 million (2015: £48.9 million)Group profit before tax: £15.6 million (2015: £13.8 million)
I am pleased to confirm that Gerald Eve has reported record financial results for the financial year 2015-16 (year-ended 5th April 2016). Pre-tax profits increased by 12.7% to £15.6 million (2015: £13.8 million), reflecting an 11.1% increase in turnover to £54.3 million (2015: £48.9 million).
I am also especially encouraged that these results precede the partnership’s largest ever corporate acquisition comprising five teams and some 36 people from Deloitte Real Estate in June 2016. Their added contribution to the business is already beginning to pay dividends, resulting in robust figures for the first half of the new trading period.
We cannot predict what is around the corner in this post-Brexit economy and there are plenty of signs pointing towards more challenging economic conditions ahead. However, I am confident that our focus on providing strategic advice along with a partner-led approach provides a real point of difference in the marketplace.
We will continue to invest in our people and today’s headcount stands at 460 (versus 396 this time last year), including an intake of 19 graduates onto our 2016 scheme.
Professional services businesses are only as good as the people who work within them, and Gerald Eve is fortunate in having a remarkable team. The partnership’s goal for the financial years 2016/17 and 2017/18 is to ensure that everyone in the firm is motivated, valued and rewarded to continue providing exceptional service to our diverse client base, as they too begin to navigate a more challenging economic landscape.
Simon Prichard, Senior Partner