This year’s profit share is smaller than the £727,000 EY partners received in 2014 because the firm has added 113 partners in the past four years. The payout is also lower than the £832,000 received by Deloitte partners last year, and the £712,000 at PWC.

The growth in the business coincides with accusations that the big four – EY, Deloitte, PwC and KPMG – have a stranglehold over the audit market, prompting repeated calls for them to be broken up over fears that large companies have little choice but to appoint one of them.