The company has revealed it has increased its revenue by 10.9% in the year ended 31 May 2019, from £3.58 bn in 2018 to £3.97bn, as the firm continues to invest each of its businesses and its people.

Deloitte’s annual results have revealed that the company’s growth is reflected in more than 100 new starts in Scotland, as more than 4,000 people join the team, including 1,200 graduates and apprentices. A total of 109 new employees have joined Deloitte across offices in Edinburgh, Aberdeen and Glasgow. This includes both graduates and BrightStart apprentices, Deloitte’s programme for school-leavers.

Across business lines, Audit and Risk Advisory revenue has grown by 8.1% to £1,110 million (of which Audit & Assurance was £582m), Consulting increased 9.0% to £952m, Financial Advisory by 10.5% to £507m and Tax & Legal saw its revenue rise by 17.8% to £862m. Deloitte Switzerland saw growth of 10% to £538m.

In the year ended 31 May 2019, distributable profit was £617m, up from £584m in the prior year. Distributable profit in the year ended 31 May 2019 has benefited from a one-off gain on the sale of an investment, lower provisioning charges and currency gains; without these, the distributable profit would have been flat.

As Edinburgh is set to become the data capital of Europe, both Fintech and Cyber have expanded. The Risk Analytics and Fintech team, led by Kent Mackenzie, now boasts a team of 22, while Cyber has grown to 14 after initially forming in 2018.

Director of Cyber Risk, James Turpie, said: “Our drive is to continue attracting high calibre talent as well as investing in the future of the cyber profession through recruitment, training and development at all levels from graduate to the top.”

Senior partner for Deloitte in Scotland and Northern Ireland, Steve Williams, said: “It’s been a hugely successful year for the firm in Scotland, as we have continued to expand and bolster our offering, particularly across the digital technologies sector. This is shown by the incredible growth of both Cyber and Deloitte Digital and speaks more widely to the vital role that these industries play across the region. In the coming year, our goal is to continue recruiting and developing these areas of the practice.”

Senior partner and chief executive, Richard Houston, said: “Our clients and our own profession are facing a time of substantial change and challenge with slowing economic growth, ongoing political uncertainty in the UK and the impact of technological disruption. Over the past year, we have supported both the public sector and business through this volatile period, whether helping them manage the uncertainty of Brexit, large scale transformation, productivity improvements through digital technologies, or addressing critical risks such as cyber.

“Our 2019 results reflect the investment we have been making across our entire firm and, in particular, in audit quality and the processes that support it. This investment has helped us succeed in the market and improved the financial performance of our audit business.”

Deloitte’s regional business has also seen accelerated growth throughout the year with revenue growth of over 15%.

Managing partner for regional markets, Pauline Biddle, said: “Business is changing and with it the need to provide expertise and support across multiple locations, both nationally and internationally. Over the past year the regional practices have gone from strength-to-strength. Our employee numbers are up 13%, now exceeding 7,500 and the firm’s regional footprint has grown significantly.”