Beachcroft has revealed an 8 per cent rise in turnover at the 2009-10 year end to £131m from £121m a year earlier.
The firm’s profit increased to £24.5m from £22.8m. This equates to an average profit per equity partner of £314,000, 4.3 per cent up on the 2008-09 level of £301,000.
Managing partner Paul Murray admitted the firm had intended to spend the past financial year consolidating previous acquisitions but added, “In a fast-changing market and one in which opportunities present themselves and must be seized, standing still is not an option”.
Murray commented: “To achieve growth in both revenue and profit in such a challenging environment is no mean feat and should be a source of pride and confidence for our people.”
Simon Hodson, senior partner added: “Over the last three years we’ve managed the business such that we’ve been able to continue to invest in our key sectors and show a steady return on that investment.”