ACCOUNTANCY firm PricewaterhouseCoopers has hailed a “milestone” in raising its workforce in Scotland to more than 1,000, highlighting a 13.4 per cent rise in its graduate intake north of the Border this summer to nearly 100.

PwC highlighted the growth of its employee numbers in Scotland as it announced a rise in its UK pre-tax profits to £1.016 billion in the year to June 30, from £935m in the prior 12 months, on the back of a 12% jump in revenues to £4.23bn.

It said that the average distributable profit per partner before tax was £765,000 in the UK in the year to June 30, up from £712,000 in the prior 12 months.

Claire Reid, leader of PwC in Scotland, said: “Reaching a headcount of 1,000 in Scotland marks a real milestone for PwC and, with so many new graduates joining a number of experienced hires, we are in a strong position going into our 2020 financial year.”

PwC noted it now employed 405 people in Glasgow, 524 in Edinburgh and 120 in Aberdeen.

Ms Reid cited “high demand” for PwC’s core services across Scotland, “in particular for technology-related solutions”. This comment was echoed, in terms of the UK-wide business, by PwC chairman and senior partner Kevin Ellis.

PwC said revenue growth in its “deals business” north of the Border was in line with that in the UK as a whole. UK revenues in this division grew by 8.7%.

The accountancy firm said that highlights in its deals business in Scotland included supporting oil giant Shell, Scottish Hydro-Electric owner SSE and oil services company Wood Group on disposal activity.

PwC also highlighted its involvement in the listing of Scottish financial services company Nucleus, and the sale of Alliance Trust Savings.

Ms Reid described the political and economic backdrop as “challenging”, noting it continued to be dominated by Brexit.