Stewarts looks ahead without qualms as revenue and PEP sink
Stewarts has turned in a dramatic decrease in revenue and profit per equity partner (PEP), though the firm remains hopeful.
After a double-digit revenue increase in 2016/17, the firm’s turnover dropped 20% this year from £78.1m to £62.4m. Its PEP meanwhile plummeted 27% from a crisp £2m to £1.4m.
Managing partner John Cahill maintained that the firm is posting “a solid set of financial results,” positing that revenue patterns were expected to be “non-linear.”