PwC turnover tops £2bn

11% growth for Big Four firm

Written by AccountancyAge.com

Big Four firm PricewaterhouseCoopers has reported 11% growth in UK turnover to £2bn for the financial year to 30 June 2006.

This confirmed its status as the biggest accounting firm in the UK.

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For the last two years, turnover at the firm has grown by 25% with growth in each of those years of £200m.

Underlying operating profits grew 24% to £577m, while partner numbers rose by 5% to 793 partners and average profit per partner was up 17% to £716,000.

Among its various business operations, the firm’s tax practice recorded growth of 15%, while its human resource services grew 20%.

Kieran Poynter, chairman of PwC, was naturally upbeat and said: ‘It is great to have reached £2bn of turnover, but more important for me is the sustained growth and achievement in all aspects of our business.’

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