UK firm HFW reports 23% profit growth
Holman Fenwick Willan has reported a profit growth of 23% for 2012-13, up to £53.3 million from £43.3 million last year.
The pool of profits available for distribution to partners grew by 18%, from £39.7m to £47m, and the average profit per partner was £348,000, a 9.8% increase from £317,000 last year.
The number of partners increased from 128 in 2012 to 141 this year, and the number of equity partners rose from 62 to 72 over the year. The firm’s equity spread ranged from £314,000 to £628,000, up on the previous year's range of £302,000 to £605,000.