HFW posts double-digit profit hike in 2017/18
HFW had another strong showing in its 2017/18 financial reports, with growth in revenue, profit, and profit per equity partner (PEP).
The UK top 50 firm posted an 8% rise in revenue to £179.1m. Its profit saw an even greater increase of 12% to £47.5m. Meanwhile PEP rose just 2% to £542,000, presumably due to the 18 partners the firm added this year.
HFW senior partner Richard Crump pointed to the firm’s international business as a key factor in the successful year, as international offices brought in 60% of overall revenue, up 5% from last year.