A PROFESSIONAL services firm, which worked on the sale of a North-East waterpark, has revealed increased revenues.

PwC, which employs about 300 workers in Newcastle, says revenues grew five per cent to £2.8bn for the year ended 30 June.

The figure was up from £2.6bn last year.

The company’s business recovery services team led the administration and sale of Wet ‘n’ Wild to leisure operator Moirai Capital Investments.

Property consultants JLL, on behalf of PwC, sold the site, in North Shields, North Tyneside, for an undisclosed sum.

PwC’s assurance division, which includes its audit business, also won work with law firm Bond Dickinson, which has offices in Newcastle and Stockton.

Bosses added the company has taken on 23 graduates and three higher apprentices this year.

Nationally, each of the firm’s four business divisions grew, with the assurance practice growing by six per cent to £1,025bn, tax by five per cent to £714m, deals by three per cent to £580m, and consulting by four per cent to £495m.

Bill MacLeod, senior partner in Newcastle, said: “Our North-East practice has had a strong year, with growth in revenues, significant wins and involvement in many leading projects.

Ian Morrison, PwC’s Yorkshire and North-East regional leader, added: “Our strong performance reflects an improving economy, the growing confidence of our clients and the ongoing investment we have made to create a responsible, profitable and well diversified business.

“We have continued to invest throughout the year, recruiting experienced hires, graduates and school leavers.

“This has positioned us well for the return of market confidence and reflects our strategy of building the right team of specialists so that we can continue to help our clients, and therefore the region, be successful.”