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Second year of double-digit growth at PWC

The firm, which operates from 31 offices across the UK, said enjoyed growth in all its core business areas, with particular demand for cyber security, data analytics and technology services.

For the year to 30 June 2016, revenue grew by 11 per cent to a record £3.44bn as the firm continued to "invest heavily in its people, technology and new client services".

Profits increased to £829m, while average distributable profit per partner before tax fell by 5 per cent to £706,000 as the overall number of equity partners increased from 885 to 926.

"Our second year of consecutive double-digit growth is the result of the long-term investment we've continued to make in our people and new technology," chairman and senior partner Kevin Ellis said.

"We've had a strong year across all of our business areas. We're seeing particularly high demand for our technology services, largely as a result of investment in targeted acquisitions. And we have prioritised building market-leading teams to help our clients capitalise on market disrupters such as blockchain, artificial intelligence and cloud technology."

Commenting on the impact of the EU referendum, Ellis added: "While the impact of leaving the EU is still being worked through, we believe we’ll be in the strongest position by continuing to invest in new technology and leading the way in student recruitment – just as we did during the 2008 financial crisis.

"UK business has a good track record of innovating in the face of change and it’s important that businesses continue to invest to ensure that the UK is in the best possible position when negotiating our exit from the EU and entering into other trade agreements.

"We are working with our clients to navigate the changing landscape and we’re seeing increased appetite for strategic advice and support around immigration, trade negotiations and financial services."

PwC employs more than 21,000 people across its 64 offices in the UK, Channel Islands and Middle East.

SOURCE: Insider Media Ltd