PA’s 2021 financial results show that it is one of the fastest growing major consultancies
LONDON, April 12, 2022 /PRNewswire/ — PA advice (PA), the consulting firm that brings ingenuity to life, today announces a record year-end performance December 2021. PA’s teams of experts have used their ingenuity to innovate for their clients in what has been a transformative year. PA’s results place it among the fastest growing large consulting firms in 2021.
generated fee income of £691.5m, up 24 per cent year-on-year
50 new partners joined the firm, a record number
welcomed about 1400 people
has launched The PA Foundation and pledged £10m to support disadvantaged groups in their global communities
garnered excellent testimonials from its customers, with 98 percent of customers saying they would recommend PA to others.
PA is the only company with the expertise to accelerate new growth ideas from concept through design and development to commercial success. And to revitalize organizations that build the leadership, culture, systems and processes to make innovation a reality.
In 2021, PA continued to deliver exciting work in consumer and manufacturing, defense and security, energy and utilities, financial services, government and public services, health and life sciences, and transportation. Throughout the year, PA continued to hire world-class talent and redoubled its investment in creating a culture where its employees excel.
The completion of Jacobs’ strategic investment in March 2021 marked the beginning of a successful new chapter for PA. Jacobs’ complementary skills have further strengthened PA’s ability to deliver innovative solutions for its customers.
Innovations for customers
PA continued its purpose Bringing ingenuity to life to build a positive human future through outstanding work for customers in an ever-changing world. It has a unique roster of experts – strategists, innovators, designers, consultants, digital experts, scientists, engineers and technologists – capable of delivering end-to-end innovations together with their clients.
In 2021, PA drafted Britain’s new charging station for electric vehicles Concept to accelerate the transition to electric vehicles as part of global efforts to combat climate change.
PA also joined in unilever to rapidly evolve its HR strategy and protect employees as the pandemic accelerated. PA and Unilever have jointly developed a world-leading digital tool that provides real-time and predictive information from global and regional levels down to individual Unilever locations.
PA cooperates with start-up wild type Launch its sustainable lab-raised salmon to protect the environment while meeting consumer demand, and to enable clean energy innovation for wind turbine manufacturers. Vestas.
PA joins US start-up Bearpac Medical to develop a device to improve patient comfort at the end of life in healthcare and created a pioneering virtual ‘museum of the future’ together with the UK Defense Science and Technology Laboratory (Dstl) to explore future operating environments.
Invest in people
PA’s people bring practical skills and experience to solve the toughest challenges for its customers. In 2021, PA welcomed 1,392 people, including 50 new partners. PA hired a number of new senior executives, including in 2021 John Cala to lead his America team, John Edson as US Head of Design and Engineering and Aris Karcanias as Global Head of Energy and Utilities. So far in 2022, PA has welcomed Tracy Countryman as market manager, Rina Ladwa as Head of Alliances, Platforms and Products, Charlene Li as Chief Research Officer, Will Lambe as CFO and Kelly Olsen as Chief Information Officer. Their appointments will further accelerate PA’s rapid growth.
Ensuring the personal and professional growth, well-being and fulfillment of PA employees is central to PA’s people strategy. In 2021, PA expanded its mentoring and virtual learning opportunities through PA Academy. It introduced company-wide Race Allyship training, launched its Women in Leadership program and continued to grow its employee networks, including Mental Health & Wellbeing, Military, Pride, RISE (Racial Inclusion and Social Equity) and Women’s Network.
In 2021, PA people have continued to give back to their communities by volunteering their skills and experience for the greater good of society. PA interns were invited to tackle real-world technological challenges — from designing lower-cost diagnostic equipment to designing a global asset tracking system — at his Global Innovation and Technology Center in Cambridge, UK. And PA helped underprivileged students develop leadership skills through its UK and US.springboard‘ Internship programs. It is women in technology Team trained women in digital skills while it was ninth Raspberry Pi Contest promoted STEM education by empowering school children in the UK and the Netherlands Using a Raspberry Pi microcomputer to innovate during the pandemic.
In late 2021, PA also established The PA Foundation. PA will partner with the PA Foundation to develop and inspire people, especially those disadvantaged, to be the innovators and leaders of tomorrow and to use their ingenuity to solve the world’s toughest challenges. PA has pledged £10m over the next five years and 10,000 hours of skills-based volunteering in the first year to the PA Foundation to increase the impact of its return and volunteering work.
Ken Toombs, CEO of PA Consulting, says: “It’s been another remarkable year for PA. I have witnessed with great pride how our teams have used their ingenuity to address transformational issues and deliver end-to-end innovation for clients in extraordinary times. This momentum is reflected in our strong business performance; We generated £691.5m in fee income in 2021 and grew our business by 24%.
“What sets us apart is our commitment to renewing our customers’ experience of working with us and creating value – by bringing ingenuity to life in every interaction. We pride ourselves on our ability to take on everything from concept to design, development to commercialization success to help our clients renew and revitalize their organization. We thank them for their trust and cooperation.
“A strong 2021 means we are in an excellent position for growth – for our customers and our employees. Our goal and our strategy are clear. End abilities to find even more ingenious answers to our customers’ biggest challenges. And we will ensure that we continue to recruit amazing talent and continue to invest in creating opportunities for our people to learn, develop and build exciting and rewarding careers.”
Read PA’s 2021 Ingenuity Review here.
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We believe in the power of ingenuity to build a positive human future.
When strategy, technology and innovation collide, we create opportunities out of complexity.
Our diverse teams of experts combine innovative thinking and pioneering use of technology to move faster. Our clients adapt and change, and together we achieve lasting results.
As an innovation and transformation consultancy, we are 4,000+ specialists in consumer and manufacturing, defense and security, energy and utilities, financial services, government and public services, health and life sciences, and transportation. Our people are strategists, innovators, designers, consultants, digital experts, scientists, engineers and technologists.
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