The 29-partner firm says that its core accounting and auditing services have all done well and puts the growth down to its investment in people including mentoring, an all employee share scheme and Smart Working, its flexible working initiative.
It is currently recruiting for 62 vacancies, half of which are new positions across the practice. It has also made 42 promotions over the past 12 months, including two new partners and four new directors.
Commenting on the results, Price Bailey managing director Martin Clapson said, “A big part of this success is down to the exceptional client care offered by our highly trained and engaged team.
“Our people play a key role in our long term strategy for growth and will support our strategic aim to become the leading mid-tier accountancy practice in East Anglia.”
Price Bailey has 350 staff based in seven locations around the UK (Bishop’s Stortford, Cambridge, City of London, Ely, Mayfair, Norwich and Sawston) and in Guernsey and St Lucia.