DAC Beachcroft clocks steady growth ahead of leadership handover

DAC Beachcroft has posted a solid set of results for FY25, with revenue climbing 6.4% to £348 million - extending more than a decade of uninterrupted growth - and profit before tax rising 7% to £76 million.

PEP topped £750,000 for the first time, up from around £700,000 last year, rounding off a strong year for the insurance specialist and a steady finish for outgoing managing partner David Pollitt.

Strategy

The firm said growth was driven by continued investment in its core sectors - insurance, health and real estate - as well as a push into adjacent sectors including financial services, technology, and trade and commodities.

International expansion was another theme. The firm kicked off 2025 with new office launches in New York and Los Angeles, marking its first entry into the US market. It also doubled down on APAC and Latin America, launching in Hong Kong (in September) and Lima (in May), expanding its offering in Chile, and entering into association agreements with firms in Australia and Ecuador.

The results come ahead of a leadership shake-up this autumn. Insurance chief Helen Faulkner will take the reins as managing partner in November, replacing Pollitt after a decade at the helm.

What they said

"I am very proud of our firm's achievements over this past year and the last decade, and I'm delighted to be handing over the reins to Helen later this year", said Pollitt. "DACB will be in excellent hands and I'm highly confident about its future."

Faulkner said: "DACB is in an incredibly strong position, and we are investing to support growth, remain competitive and futureproof our business. We are modernising our processes and systems, introducing further AI tools and using technology strategically. We are also adding new skills and expertise, strengthening our global platform, and constantly striving to be the place where talented people want to work.

"This is a hugely exciting time for DACB and I am looking forward to helping to write the next chapter of its growth story."