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Insider UK
Business
Hamish Burns

Deloitte boosts Scottish operation by 109 as it sees growth in cyber and fintech

Deloitte increased its headcount in Scotland by 109 over the last year, according to the business consultancy's annual report.

The new starts in Edinburgh, Aberdeen and Glasgow included graduates and BrightStart apprentices, Deloitte’s programme for school-leavers.

The accountancy giant's revenue across UK and Switzerland business increased by 10.9% in the year to 31 May, from £3.58 billion in 2018 to £3.97 billion.

It said it had experienced growth in Scotland across its Deloitte Digital, Fintech and Cyber teams. Deloitte Digital in Edinburgh has grown from eight to 30 under Gareth Edwards and Debbi McLean.

Its Edinburgh Risk Analytics and Fintech team, led by Kent Mackenzie, now numbers 22, while Cyber has grown to 14 since forming in 2018.

Steve Williams, senior partner for Deloitte in Scotland and Northern Ireland, said: “It’s been a hugely successful year for the firm in Scotland, as we have continued to expand and bolster our offering, particularly across the digital technologies sector.

"This is shown by the incredible growth of both Cyber and Deloitte Digital and speaks more widely to the vital role that these industries play across the region. In the coming year, our goal is to continue recruiting and developing these areas of the practice.”

Deloitte's Audit and Risk Advisory revenue grew by 8.1% to £1.1 billion, Consulting increased 9.0% to £952m, Financial Advisory by 10.5% to £507 million and Tax & Legal saw its revenue rise by 17.8% to £862 million.

Distributable profit was £617 million, up from £584 million thanks to the sale of an investment, lower provisioning charges and currency gains.

The firm’s total tax contribution was just under £1.06 billion in 2019).

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