Baker Tilly International reports rise in revenue at £2.6bn
North America accounts for the biggest slice of revenue with $1.6bn, up 4% on last year
North America accounts for the biggest slice of revenue with $1.6bn, up 4% on last year
BAKER TILLY INTERNATIONAL has reported a 7% growth in fees for the 12-months ending June 2015 with global combined revenues hitting $3.8bn (£2.6bn).
North America accounted for the biggest slice of revenue at the world’s eighth biggest accountancy network with $1.6bn, up 4% on last year while Latin America amassed a 16% increase to hit $101m. Asia Pacific pulled in 13% more with $850m. EMEA pooled $1.3bn, up 7%.
Audit was the best performing service line, at $1.4bn, up 2%, followed by consultancy at $1bn, a 15% rise, with taxation earning the network a 7% rise at $943m.
Baker Tilly International CEO and president, Geoff Barnes, said: “This represents our strongest revenue growth since 2008. We have seen growth across all our four regions and all service lines. Mergers and acquisitions are an important part of our members’ growth plans and we have seen an unprecedented number of mergers over the past year.
“In addition to announcing mergers in the G20 economies of Russia, Australia, Germany, the US and the UK, we have also expanded our presence across Italy, the Caribbean and Africa. We will continue to see mergers between national firms continue as firms strive to reach critical mass and develop strategic aims that may not be achievable on their own”.
Baker Tilly International is currently represented by 165 independent member firms in 141 countries with 28,000 staff in 745 offices worldwide.
In 2014 the network lost its eponymous UK member firm to rival network RSM, replacing it with MHA MacIntyre Hudson.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceWhat lies ahead for the international accountancy networks and associations? Accountancy Age asked for their views on opportunities, threats and where...
View articleThe 2019 Accountancy Age International Networks Ranking reveals steady growth of nearly 9% across the board, despite continuing global economic uncert...
View articleDespite ongoing economic uncertainty around the world, the top international networks and associations of accountancy firms continue to grow, but the ...
View articleTop 20 firm Wilkins Kennedy has joined Allinial Global, an international association of independent accounting and consulting firms Read More...
View articlePKF UKI, which is made up of seven member firms in the UK and Ireland, today announced a total fee income of £128.9m for the year ending 31 May 2016 R...
View articleOn 22 June 2016, prior to the Brexit vote, Grunberg & Co officially joined the Reanda International network. A momentous milestone for the company...
View articleCollaboration is key for ensuring firms flourish in a demanding environment, a fact that Andrew Richards, managing partner of Top 50+50 practice PKF F...
View articleAs movement between the international accountancy networks and associations begins to build momentum, winners and losers are emerging, while the Big F...
View article