Newspaper article The Journal (Newcastle, England)

Staff Top 600 at Global Firm's North East Office

Newspaper article The Journal (Newcastle, England)

Staff Top 600 at Global Firm's North East Office

Article excerpt

Byline: Graemewhitfield Business editor @Graemewhitfield

PROFESSIONAL services group EY has pushed job numbers at its Newcastle office above 600 as it looks to drive growth in the regions.

The company has reported UK fee income growth of 2.7% to PS2.41bn for the year ending June 30, with distributable profits before tax increasing by 1.7% from PS464m in 2017 to PS472m in 2018.

The company's Newcastle office is one of its biggest outside London, and is building a new global trade team, as well as bringing in new partners in transaction support and debt advisory services, to boost its presence in the North East.

EY's Newcastle practice grew 2% to around 580 people during the financial year and that has grown further since the year end.

Newcastle's managing partner Sandra Thompson said: "EY is a people business and I am acutely aware that our results and strong performance in the marketplace are down to the exceptional talent we have here.

"Newcastle is already EY's third largest office location in the regions but we have more growth planned. EY sees a large part of its future growth coming from the regions and that's why we are investing in our regional teams across all levels.

"From a business perspective, the fact that burgeoning numbers of innovative start-up tech businesses like Gamevy are choosing to base themselves here really proves that Newcastle and the wider region has an increasingly compelling business story to tell.

"Add to this, the wealth of top class universities on our doorstep, which, alongside our Smart Futures, Business Apprenticeships and Degree Apprenticeship programmes, have enabled us to grow our numbers to more than 600 since the year end and expand our office space in the heart of the city.

"There's a real warmth and buzz about the place, which has attracted a number of new people and businesses to our region. …

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