|
|
06 Mar 2013
MOORE STEPHENS' London office saw a fall in revenues and profits for the year to April 2012.
Moore Stephens LLP, which mainly comprises a London office and several satellite branches, saw revenues fall to £68m to the year ending 30 April 2012, from £71m a year earlier, according to the latest figures filed at Companies House.
Further reading
Operating profit for the firm fell to £10.5m, from £11.1m. Partner numbers fell during the period to 57, from 61. They shared an average profit of £176,000, compared to £188,000 in 2011. The most senior member in the firm picked up £458,000, down from £473,000.
The overall number of employees fell to 707 from 731, while staff costs fell £2m to £33m.
Audit and assurance revenues climbed by £1.5m to £42m during the period, however its corporate recovery service line slumped to £6m from £8.3m. Tax advisory also fell sharply, to £9.8m from £11.5m.
Moore Stephens-branded firms sit within a UK network as opposed to a fully-fledged partnership. The network's member firms posted fees of £138.3m for the year ending December 2011, static on the previous 12 months, according to Accountancy Age's Top 50+50 Survey of firms. The member firms sit in tenth place in the Top 50 +50 survey.
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment