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Deloitte — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (2/5)

Source documents
Recent disclosure
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External news· 11 ESG-tagged · GDELT

tagged categories: climate · governance · controversy · M&A · regulatory

Source: GDELT 2.0 DOC API · ESG-keyword filtered · 3-month trailing window.

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

annual report ↗

P&L highlights (USD)

Headcount (FTE)	25,205people
Revenue	5.7B
Total operating expenses	(4.9B)

Balance sheet highlights (USD)

Property, plant & equipment	276M
Right-of-use (leased) assets	519M
Total assets	3.5B
Total debt	860M
Cash & equivalents	566M

Events 2025· 6

Energy and carbon report disclosed at Deloitte NSE level only

An Energy and Carbon report (SECR and CFD disclosures) has not been included within this UK LLP report; it is included within the group report of Deloitte NSE. No Scope 1/2/3 emissions or net zero targets are disclosed in this document.

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Storefront reorganisation: five businesses to four

On 1 October 2024, the Group completed a process to modernise and simplify its storefront and go-to-market strategy. The five Businesses (Audit & Assurance, Consulting, Financial Advisory, Risk Advisory and Tax & Legal) were reorganised into four Businesses (Audit & Assurance, Strategy Risk & Transactions Advisory, Tax & Legal, Technology & Transformation). Prior year comparatives re-presented.

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£50m new Private Placement Loan Notes issued

On 20 December 2024, the UK National Practice issued new senior unsecured Private Placement Loan Notes with a principal value of £50m maturing December 2034 at 5.64% semi-annual coupon, increasing total borrowings from £200m to £250m.

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Energy and carbon report not included in this filing

Deloitte LLP states the SECR and Climate-related Financial Disclosures (CFD) are included in the Deloitte NSE group report rather than this filing. No Scope 1/2/3 GHG figures are disclosed in this document.

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Storefront reorganisation: 5 businesses consolidated into 4

On 1 October 2024, Deloitte LLP completed a process to modernise its storefront, reorganising five Businesses (Audit & Assurance, Consulting, Financial Advisory, Risk Advisory, Tax & Legal) into four (Audit & Assurance, Strategy Risk & Transactions Advisory, Tax & Legal, Technology & Transformation). Prior year revenue comparatives have been re-presented. Affects segment-level revenue comparability.

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Reclassification of long-term ill health benefits

Prior year other operating expenses have been restated as long-term ill health benefits incurred were previously recognised as 'other operating expenses' when they should have been recognised as insurance service expenses. Reduces 2024 other operating expenses by £2m.

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2024

annual report ↗

P&L highlights (USD)

Headcount (FTE)	26,824people
Revenue	5.7B
Total operating expenses	(5B)

Balance sheet highlights (USD)

Property, plant & equipment	249M
Right-of-use (leased) assets	561M
Total assets	3.6B
Total debt	848M
Cash & equivalents	568M

Events 2024· 5

IFRS 17 restatement of prior-year insurance contract liabilities

Prior year comparatives have been restated due to recognition of additional IFRS 17 insurance contract liabilities. The 1 June 2023 opening balance was restated by £46m, increasing insurance contract liabilities and total liabilities. Affects 2023 and 2024 balance sheets, equity, and income statement.

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IFRS 17 restatement of prior year balances

Prior year comparatives (2024 and opening 2023) have been restated as a result of the recognition of additional IFRS 17 insurance contract liabilities relating to death in service and long-term ill health benefits previously not included. Increased insurance contract liabilities by £46m at 1 June 2023 and at 31 May 2024.

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Energy and Carbon report not included in this report

Energy and Carbon report (including SECR disclosures and CFD) is not included within this report as it is included within the group report of Deloitte NSE. No Scope 1/2/3 emissions or net zero target year disclosed in this LLP report.

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£200m new Private Placement Loan Notes issued

On 14 November 2023, the UK and Swiss National Practice issued new senior unsecured Private Placement Loan Notes: Series A £180m maturing November 2033 (6.17% coupon) and Series B £20m maturing November 2035 (6.25% coupon). Existing notes (US$126m + £10m) were settled 23 October 2023.

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Adoption of IFRS 17 Insurance Contracts

The Group adopted IFRS 17 from 1 June 2023, requiring restatement of prior year comparatives. Transition reduced total equity by £559 million at 1 June 2022 due to changes in measurement of members' annuity liabilities. Comparative 2023 income statement was restated, increasing profit before/after tax by £141 million.

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2023

annual report ↗

P&L highlights (USD)

Headcount (FTE)	26,503people
Revenue	5.6B
Total operating expenses	(4.6B)

Balance sheet highlights (USD)

Property, plant & equipment	199M
Right-of-use (leased) assets	576M
Total assets	3.5B
Total debt	781M
Cash & equivalents	573M

Events 2023· 6

Acquisition of Reformis

On 14 January 2023, the Group acquired the business and assets of Reformis, a business transformation and financial technology consultancy, resulting in £11 million of goodwill.

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Prior year balances restated for IFRS 17 and reclassifications

Prior year comparatives restated to reflect IFRS 17 implementation; also reclassified contract assets and contract liabilities from trade receivables/payables to separate line items using IFRS 15 terminology. The 2022 balance sheet restated as at 1 June 2022.

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Sale of pension advisory practice (Deloitte Total Reward and Benefits)

In January 2023, the Group entered into a sale agreement to dispose of 100% of its shareholding in Deloitte Total Reward and Benefits Limited. The disposal was completed on 26 May 2023 for £49 million consideration, generating a £34 million net profit on disposal.

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PP&E opening balance correction (2022 restated at gross level)

Cost and accumulated depreciation/impairment balances at 31 May 2022 were understated at a gross level due to a clerical error in the Group disclosure involving asset transfers. Opening balances were corrected; no impact on net book values.

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Disposal of pension advisory practice

Sale of 100% shareholding in Deloitte Total Reward and Benefits Limited completed 26 May 2023, generating £34 million net profit on disposal. Consideration of £49 million.

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Energy and Carbon report not included; covered at Deloitte NSE level

The Energy and Carbon report (SECR and CFD disclosures) is not included within this report as it is covered within the Deloitte NSE group report. No GHG emissions data disclosed at the Deloitte LLP entity level.

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2022

annual report ↗

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	22,699people
Revenue	4.9B
Total operating expenses	(4.1B)

Balance sheet highlights (USD)

Property, plant & equipment	207M
Right-of-use (leased) assets	620M
Total assets	3.4B
Total debt	802M
Cash & equivalents	608M

Events 2022· 5

Pension Funding Partnership collapsed

On 30 June 2021, the value of the UK Scheme's initial investment of GBP 70 million was returned to the Trustee as part of the overall package to fund the Scheme to the low risk target. The Pension Funding Partnership was subsequently collapsed in March 2022. The Group paid in full the amounts agreed with the Trustee to fully fund the UK Scheme on a low risk basis.

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Energy consumption increased 6% and carbon emissions rose 65% YoY

With employees increasingly returning to offices and business travel resuming, the Group's energy consumption in 2022 increased by 6% and carbon emissions rose by 65% compared to the prior year. Since tracking commenced in 2019, the Group has reduced energy consumption by 40% and carbon emissions by 33%.

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Acquisition of Etain Limited

On 18 March 2022, the Group completed the acquisition of the shares of Etain Limited, a Northern Irish Consultancy practice with 67 employees. This resulted in the recognition of GBP 2 million of goodwill in the year.

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Change in accounting policy for SaaS configuration/customisation costs

The Group revised its accounting policy in relation to upfront configuration and customisation costs incurred in implementing SaaS arrangements following IFRS Interpretations Committee Agenda Decisions. This resulted in recognition of GBP 8 million as an expense and reduced intangible assets by GBP 10 million. Prior year numbers have not been restated because the impact is immaterial.

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Pension Funding Partnership unwound

In FY2022, the component entities of the Pension Funding Partnership were put into liquidation and deconsolidated. The LLP repaid £75 million debt and remainder was waived as part of unwinding the PFP structure with the Deloitte UK Pension Scheme Trustees.

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2021

annual report ↗

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	21,736people
Revenue	4.5B
Total operating expenses	(3.8B)

Balance sheet highlights (USD)

Property, plant & equipment	242M
Right-of-use (leased) assets	637M
Total assets	3B
Total debt	784M
Cash & equivalents	428M

Events 2021· 9

Launched WorldClimate plan with net-zero by 2030 target and SBTi commitment

During the year, Deloitte LLP launched WorldClimate, a plan to achieve net zero by 2030. Working with SBTi to set science-based targets aligned with 1.5°C. Joined UN Race to Zero campaign and committed to all three Climate Group initiatives (renewable energy, EV adoption, energy productivity).

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Purchased EACs for all landlord-procured electricity to reach 100% renewable

During the year, Deloitte LLP purchased Energy Attributable Certificates (EACs) for all electricity procured by landlords, achieving 100% renewable electricity commitment. From 1 June 2020, EACs also purchased for owned Electric/Plug-In Hybrid Fleet.

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COVID-19 lockdown materially reduced travel and energy consumption

Energy efficiency improved 18% per m2 vs prior year, largely due to COVID-19 office closures. Vehicle fleet energy consumption decreased 82% per FTE. Minimal travel undertaken during the whole fiscal year. Future hybrid model expected to maintain efficiency vs baseline.

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Acquired Kemp Little LLP technology and digital media law firm

On 29 January 2021, completed acquisition of Kemp Little LLP, a technology and digital media law firm. 114 employees joined including 80 lawyers and 29 partners, doubling the lawyer headcount. Goodwill of £14 million recognised.

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Sale of restructuring services practice to Teneo

On 28 May 2021, sold restructuring services practice to Teneo. 255 people including 16 equity partners left with this business. Resulted in £184 million profit on disposal and £136 million capital profit to members. Sale consideration was £220 million.

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Retirement annuity scheme closed to new entrants

The retirement annuity scheme was closed to new entrants effective 1 June 2021, following requisite Deloitte NSE governance and a vote of the members of Deloitte LLP.

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Sale of UK Restructuring practice

In February 2021, Deloitte LLP entered into a conditional agreement to sell its Restructuring business. The sale completed on 28 May 2021, resulting in the transfer of 16 equity partners and 239 staff. Group received GBP 220 million consideration, recognising profit of GBP 184 million in 2021.

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WorldClimate plan launched with science-based targets

Group committed to WorldClimate plan launched in 2021, with SBTi-aligned targets including: reducing business travel emissions by 50% per FTE by 2030 from 2019 levels; sourcing 100% renewable energy for buildings by 2030; converting 100% of fleet to hybrid and electric vehicles by 2030; and 67% of suppliers (by emissions) to set science-based targets by 2025.

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Energy and carbon report published only at Deloitte NSE group level

An Energy and Carbon report has not been included within this LLP report as it is included within the group report of Deloitte NSE. TCFD report is also at Deloitte Global level. Limits ability to track Scope 1/2/3 numbers at LLP entity level.

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2020

annual report ↗

P&L highlights (USD)

Headcount (FTE)	14,597people
Revenue	2.6B
Total operating expenses	(2B)

Balance sheet highlights (USD)

Property, plant & equipment	274M
Right-of-use (leased) assets	546M
Total assets	2.7B
Total debt	1.4B
Cash & equivalents	396M

Events 2020· 5

Creation of new Audit Governance Board

In September, Deloitte LLP announced creation of a new Audit Governance Board (AGB) for independent oversight of UK Audit & Assurance business, in line with FRC operational separation principles.

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FRC fine settled re Autonomy audit

Subsequent to year-end, Deloitte LLP paid a fine and settled costs of the FRC in relation to audit and review services provided to Autonomy Corporation plc between 2009 and 2011.

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Acquisition of ClearViewIP

On 1 June 2019, Deloitte LLP acquired ClearViewIP Holdings Limited and ClearViewIP Limited for £2 million cash, providing advisory services. Goodwill of £2m recognised.

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Adoption of IFRS 16 Leases from 1 June 2019

Deloitte LLP adopted IFRS 16 retrospectively from 1 June 2019 without restating comparatives. Recognised £598m of right-of-use assets and £617m of lease liabilities at transition. This significantly affects comparability of PP&E, debt and operating expenses between FY2019 and FY2020.

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COVID-19 pandemic impact on FY2020 results

COVID-19 lockdown from March 2020 caused growth in revenue to be less than planned. Deloitte LLP deferred capital expenditure, profit distributions, and UK VAT payments. Revenue still grew but pace was reduced.

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