Moore Stephen LLP has announced revenues of £105.5m ($137.6m) in FY16, a 14% growth on the previous year. The firm also reported an increase in average profit per partner of 33% on the prior year.

The firm’s strong result comes on the back of its merger with Chantrey Vellacott DFK LLP in May 2015. “The merger was a coming together of similar philosophies and values to form a strong combined firm. This has been proven with the first year’s financials, and headcount continues to rise to service new and existing clients,” Mike Tovey, former managing partner of Chantrey Vellacott, said.

Richard Moore, Moore Stephens’ senior partner and chairman of Moore Stephens International said: “The challenge is to capitalise on the first year and continue to maximise the strengths of the combined firm.”