Montagu Evans recorded double digit increases in both profits and turnover in 2018, according to accounts recently filed at Companies House.
The LLP saw turnover increase by 16% to £48m up from £41.6m for the 12 months ended 31 March 2018. Operating profits were up by 15% to £27m.
Profits available for division among members totalled £20.8m, up from £18.8m, with the average remuneration per member during the year totalling £302,088, up from £271,080 in 2017. The largest pay packet for a member was £962,977 up from £874,906 in 2017.
Managing partner Rob Bower said: “This has been another good year for the partnership. We’re very proud of the work the team is undertaking and the positive difference it is making to clients.
“We continue to attract and retain individuals who offer deep-rooted, specialist skills that can directly support clients in overcoming specific challenges, or provide valuable additions to large cross-service teams working on wider industry issues. The future of our town centres, the reinvention of retail, making more of health and government estates to benefit society and the taxpayer, and bringing forward new homes to meet a nationwide need are all areas we are particularly focused on.”
Bower said that 2019 was likely to be a challenging year but uncertainty brought opportunity.
Montagu Evans currently has 95 partners, having made five partner hires since January 2018. A further three start this year. It also appointed 13 graduates this year, nine of them based within its growing development & valuation consultancy and planning teams, while half the 2018 summer interns went on to join the firm. Overall, 62 full-time appointments have been made since this time last year.
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