BUSINESS advisory firm Deloitte’s North West operation earned revenues of £114m in the year to May 31 – just £2m below its 2009 figure.
Senior partner Patrick Loftus said: “Despite a second successive year of very challenging markets, the North West practice has emerged from the recession with a very satisfactory performance.”
He said each division performed strongly, given the economic conditions.
Revenues in corporate finance, which includes reorganisation services, grew by 10%, helped by its work on Skelmersdale-based discount retail chain Matalan’s £525m refinancing.
Revenues were down 3% in audit, 2% in tax and 4% in consulting, but Mr Loftus added: “While the economic environment will remain fragile, we anticipate a return to revenue growth for our audit, tax and consulting businesses in 2011.”
He said the firm also placed special emphasis on retaining and developing staff at its Manchester and Liverpool Exchange Flags offices.
