Our finances

Solid performance

Like many professional services firms, we have been navigating a challenging economic landscape, with geopolitical tensions, elevated interest rates and curbs on government spending slowing growth in some markets.

Throughout the FY 2023/24, we delivered a reasonable performance and a good level of underlying profitability despite difficult circumstances affecting the firm during the period. Our global revenue grew modestly, by 2 per cent, to reach £2.2bn, and we achieved an operating profit of 3.9 per cent before applying our profit share scheme for members.

Our total workload continued to grow throughout the year ending 31 March 2024, with the Americas and Southeast Asia delivering solid business. Our expert teams in energy, water and technology grew well.

Considering the current financial year, we expect a steady performance underpinned by a good pipeline of future work. We continue to invest in the parts of the business that align with our strategy and allow us to shape a better world.