In an impressive display of financial growth, MHA, part of Baker Tilly International, reported a substantial revenue increase. The firm’s strategic growth initiatives have played a pivotal role.
With a focus on audit and tax services, MHA has managed to double its revenue in four years. Key leadership decisions have driven this expansion, reaching £180 million.
MHA, the UK and Irish branch of Baker Tilly International, has achieved remarkable financial growth, reporting a significant revenue increase. The company’s revenue surged by 27%, reaching £180 million by the end of the financial year on 31 March 2024. This robust growth was primarily driven by the firm’s audit and tax services, contributing to nearly a 30% rise.
Shaunak elaborated on the company’s plans for geographic expansion, particularly focusing on Scotland and Wales, as well as addressing market opportunities in the South West. He referred to strategic regions as “areas we targeted” for growth, strengthening the firm’s position across the UK and Ireland.
Financial services followed with a 50% increase. Meanwhile, technology and manufacturing sectors grew by 42% and 36% respectively, reflecting a diversifying portfolio. Construction and real estate, along with consumer products, also posted substantial growth figures.
MHA’s strategic plans to bolster its presence in the South West involve targeted initiatives and potential industry collaborations. This ambition is part of a larger goal to achieve holistic growth across all regions in the coming years.
Shaunak expressed optimism about the future. The increased workforce is aligned with the company’s ongoing expansion and service diversification efforts.
The strategic shift towards expanding geographically and enhancing service lines suggests that MHA is not only geared towards growth but also towards maintaining a resilient and adaptable business model.
The leadership team’s ability to adapt to market changes and seize emerging opportunities has facilitated sustained revenue growth. Shaunak’s emphasis on expansion and sectoral focus has set the pace for the company’s future trajectory.
MHA’s strategic growth across diverse sectors and regions has shown its adaptability and resilience. The firm’s future looks bright with continued expansion plans.
Leadership’s focus on specific markets and sectors has been crucial in this success story. MHA is well-positioned to sustain its growth trajectory moving forward.
