Montagu Evans has reported an increase in revenue for its financial year ending 31 March 2017 to £41.6 million, up 6% from the previous year. In the past five years the firm’s revenue has increased from £26.1M – a 59% increase.
Commenting, Rob Bower, Montagu Evans’ Managing Partner, said:
“This has been another successful year for the Partnership. We have continued to develop our sector-led approach, focussing on complex, problem-solving professional services and bringing together departments from across the business in teams that can add extra value for clients with a greater breadth of expertise and more in-depth thinking.
“Investing in our people is a fundamental part of our strategy for the firm. Clients value the consistency, experience and quality of service our Partners offer and we’ve strengthened that further by investing in our next generation of talented associates and surveyors, giving them the autonomy to proactively support our Partners who in turn train them to become our next generation of leaders.
“Over the year, more than 70 people have joined our firm, expanding our service lines and growing the business at all levels. Our headcount is currently at 363, including 93 Partners, and we continue to grow. We have doubled our graduate intake and retained all our newly-qualified surveyors. We also made eight new Partner hires and expect to continue to recruit at a senior level in the coming year too.
“Our largest team is Planning and Heritage, currently with more than 65 people and achieving a revenue growth of 60% in the last three years, a reflection of the success the team has built in the market. The Development and Valuation Consultancy team has grown by 110% in three years. International clients are increasingly coming to us for our expertise and our public sector work is growing – with more local authority clients taking forward development directly and central government appointing us as the Property and Finance Services provider for the shadow Government Property Agency, part of the Cabinet Office.
“We have also made significant investments in the fabric and infrastructure of the business, with particular investment in technology, without eroding profit.
“Right now, the firm is in a very strong position and while the industry may well feel the effects of Brexit uncertainty over the coming year we are very well placed to make the most of the opportunities that this changing market will bring.”