Grant Thornton set for €300 million revenue haul in Ireland

Grant Thornton is set for a record year in the Irish market, with revenues expected to break through the €300 million mark.

In an update on its financials and progress for 2023, Grant Thornton’s Irish managing partner Michael McAteer said that the firm still is on a strong growth track. Over 800 roles were added in 2023 alone, meaning the accounting and advisory group now has 3,000 staff working from its eight offices across Ireland – double the size just two years.

“Despite the global economic uncertainty which loomed as we entered 2023, Grant Thornton has continued to grow and expand in line with client demand. This result is representative of the resilience shown by our clients and Irish businesses as a whole,” he said.

McAteer added that better performance in the labour market had aided the business. Over the past years, Grant Thornton has invested considerably in its people policies, with the firm this year reaping a number of benefits. Staff turnover and the attrition rate have both dropped, meaning the firm is more successful in retaining (critical) talent.

As seen elsewhere in the professional services marketplace, growth was driven by the advisory and consulting business. “Over half of our staff are now supporting non-accountancy roles,” said McAteer.

Grant Thornton’s Irish offices are based in Dublin, Belfast, Cork, Galway, Kildare, Limerick, Longford and the Isle of Man.

In Dublin, Grant Thornton last week inaugurated a new collaboration space in The Mobius at City Quay. “The facility will provide additional space for over 150 employees and offer collaborative space for Grant Thornton’s work with clients,” McAteer said. “The Mobius provides a state-of-the-art facility to host clients and partner even more closely with them.”

Looking ahead, McAteer said that the firm wants to establish itself as the “leading advisor of choice” for multinational companies operating in Ireland and national family-owned businesses.