Forvis Mazars records 12% growth in Scotland for 2025

Forvis Mazars records 12% growth in Scotland for 2025

Craig Maxwell – Forvis Mazars' Glasgow Office Managing Partner

Forvis Mazars’ Scotland practice have achieved revenue growth of 12% in FY25, reflecting the continued expansion of its mid-market client base and the strength of its client service offering.

This performance has been supported by a number of high-profile client wins across key sectors including care, public sector, technology and construction, demonstrating the firm’s ability to support organisations operating in some of Scotland’s most dynamic industries.

The firm’s Scotland practice has continued to invest in regional growth across its Edinburgh and Glasgow offices, strengthening its sector expertise through a series of senior hires. These include Elisabeth Young (Partner, Risk Assurance), Seamus McCabe (Director, Energy & Infrastructure), and Maria McConnell (Director, Indirect Tax), enhancing the firm’s presence in sectors critical to the Scottish economy, including energy and infrastructure, financial services, and risk management.

The team has also focused on developing its internal talent pipeline, with more than 20 promotions across its management team during the year. Together, these developments highlight the firm’s commitment to building strong local leadership while continuing to enhance its service offering to clients across Scotland.

Alongside its commercial growth, the Scotland team has remained committed to making a positive impact in its communities. During the year, colleagues supported the STV Children’s Appeal, contributing to initiatives that deliver tangible benefits to families across Scotland. The firm also partnered with IntoUniversity, providing practical support to help young people build skills and confidence for the future.

Commenting on the firm’s growth, Craig Maxwell, Glasgow Office Managing Partner, said: “It’s been a strong year for our Scotland team, with double-digit growth reflecting both the strength of our client relationships and the dedication of our people.

“We are particularly pleased to have strengthened our sector expertise through senior hires, while also promoting a significant number of colleagues across the business. This balance of external investment and internal progression is key to sustaining our growth and delivering consistently high-quality service.

“Scotland represents a significant opportunity for the firm, and we are excited about working with more iconic Scottish businesses as they navigate change and pursue their ambitions. With continued investment in our people and capabilities, we are well positioned to build on this momentum in the years ahead.”

James Gilbey, CEO of Forvis Mazars in the UK, said: “In a year marked by economic uncertainty, our teams have delivered exceptional results for our clients while maintaining an uncompromising focus on quality.

“Against a backdrop of ongoing economic uncertainty across the UK and an evolving geopolitical landscape, our continued investment and disciplined approach have helped position the firm to navigate a more challenging market environment.

“Our plans for organic, sustainable growth remain grounded in our values, powered by our people, and focused on creating exceptional value for clients, our communities, and society.”

Growth in the UK

Forvis Mazars grew over 8% in the UK in the year to 31 August 2025, recording revenue of £391.9m. This is the firm’s sixteenth consecutive year of growth and is its first full financial year since creating the global Forvis Mazars network in June 2024.

Following the formation of Forvis Mazars on 1 June 2024, the firm now sits among the largest international professional services networks, bringing clients a global perspective alongside local insights and offering career and mobility opportunities to team members.

Growth was driven by strong performance across the business, demonstrating the resilience of Forvis Mazars’ multidisciplinary model. Audit & Assurance delivered exceptional growth of 21%, underpinned by continued investment in technology, data analytics and specialist expertise. This was matched by strong quality outcomes in the Financial Reporting Council’s most recent annual inspections, with 90% of audits reviewed requiring no more than limited improvements.

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