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Annual Report 2020: confidence and momentum for the future

  • Date 15 Apr 2021

Grant Thornton UK LLP has published its 2020 Annual Report showing the firm’s strong performance throughout the year, despite the challenges of the COVID-19 pandemic.

Grant Thornton announces 2020 financial results, showing strong momentum throughout the year to December 31st 2020, despite challenges of the pandemic
Slight reduction in like-for-like revenue and increase in trading profits in 2020, testament to performance of its people and operational changes undertaken in preceding years
Firm’s focus on its people, clients, operations and communities during the pandemic has enabled it to continue providing a high-quality client offering whilst investing in its future
Whilst the firm’s net income dropped slightly (-2.5%) during the 12 months to 31 December 2020 to £471 million (£483 million in the 12 months prior) on a like-for-like basis, the firm was able to improve its profitability by 14%, owing to the strategy it introduced in 2019 which placed quality, talent and value at the heart of its operations. This has resulted in a more focused firm as it navigated the challenges of COVID-19, with a clear strategy and solid foundations for the years ahead.

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