DAC celebrates strong financial showing with record PEP
DAC Beachcroft’s soaring 2017/18 financials boast a record high profit per equity partner (PEP) figure as well as a double-digit hike in turnover.
The firm’s 11% increase in revenue brought it from £207m to £230m. Meanwhile profits before tax increased by 21% from £39m to £47m. DAC’s PEP broke through the £500,000 barrier to reach £530,000.
As a result of the good news, DAC increased its bonuses by 70%, paying out £7.7m to its staff this year, as well as rewarding staff with an extra day off during winter holidays.