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12 Sep 2006
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.
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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Tops £2bn?
As the FT points out today, a turnover of £1.98bn is not quite £2bn, hence the headline should be turnover almost reaches £2bn.
Posted by: Richardr, 12 Sep 2006 | 00:00