CONGRATS TO BEGBIES for winning the “we can take on loads of administrations” prize.
Of course in isolation, with neither last year’s figures at hand – or the value of the work – there isn’t a huge amount that can be extrapolated from the appointments data. For example, the stats don’t represent that Begbies has had a tough couple of years.
But it’s interesting to note that KPMG are way clear of the other Big Four firms (Deloitte 86; E&Y 73; and PwC 56).
PwC makes up for lack of quantity with quality – a certain collapsed investment bank is keeping them occupied.
Deloitte and E&Y have also had some big wins in 2011, namely Barratts and Focus respectively.
So with KPMG also undertaking some mega-jobs, how have they kept up the numbers?
The answer would seem to come from their extensive office network – wider than the other big firms. This enables them to pick up smaller regional appointments.
Good for KPMG, not so good for smaller regionals coming up against a Big Four firm. No doubt the smaller guys would look at price as a key differentiator…
Head of Editorial Kevin Reed looks at the week's news, including the BHS and Austin Reed administration, Accountex and much more.
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