Moore Stephens UK’s largest member firm Moore Stephens LLP has reported a 15% increase in revenue in the year to 30 April 2017, up to £121.4m (USD $164.3m).

The firm reported that profits before member remuneration and tax were up 10% to £24.1m from £22m in 2016.

Outsourcing services saw the fastest growth (45%) to £11.7m, while management consultancy turnover increased by 29% to £10.9m. Tax advisory work and restructuring and insolvency both increased by 12% in revenue terms (to £22.9m and £5.5m respectively), while audit and assurance was up by 11% to £63.2m.

The firm attributed its increased in revenue to organic growth gained on the back of the 2015 merger with Chantrey Vellacott.