The Top 50+50 Accountancy Firms 2022 have been revealed.
Each year, we collate information on the top 100 firms, putting a spotlight on those shaping and defining UK accountancy.
The table is based on voluntary submission of data and ranked by firms’ total UK fee income for the last financial year.
Accountancy Age also gathers information on other key aspects of each firm, including the number of female partners vs male partners, investment in technology, ethnic minority representation and other factors. The data is used to provide a detailed snapshot of the industry, which we can compare with the previous year‘s findings, with a research report based off the findings to follow shortly.
PwC back on top
This year’s rankings, which are sponsored by Modulr, see PwC climb back into the coveted number-one spot. The firm has enjoyed a impressive year of growth, with its UK fee income rising by 12% to £5.2bn.
Deloitte, despite a similarly striking +10% in fee income, now sits in second position, having leapfrogged PwC to take the top spot in 2021’s index.
Meanwhile, fellow Big Four contenders EY and KPMG have retained their third and fourth spots, having both enjoying significant growth during the past year (7.3% and 10% respectively).
Challengers
Beyond the Big Four, Evelyn Partners (formerly Tilney Smith & Williamson) gained positions in the ranking for the second year running, having consolidated a commendable 11% increase in fee income – rising from 8th to 5th place since 2020.
Rounding out this year’s top-10 was Moore UK. The firm rose three positions and edged back into the top-10, owing to a remarkable 59% uptick in fee income.
Accountancy Age was unable to include BDO in its Top 50+50 2022 due to the firm’s data being unavailable at the time of publication. However, we have verified that BDO’s fee income for this year stands at £730.8m, representing +11% annual growth. Taking these metrics into account, BDO remains the UK’s 5th largest accounting firm.
Mid-market
This year’s 50+50 also featured a number of new entrants, with several climbing into the upper echelons of the index.
For instance, Cooper Parry, winner of Accountancy Age’s inaugural Mid-Tier Power Index, has clinched 26th place in its debut year as a 50+50 firm. The Midlands and London-based firm has also achieved 32.8% fee income growth in the last financial year.
Similarly, international network Rawlinson & Hunter and South-West financial experts Old Mill have earned impressive result upon entering the index for the first time – 34th and 42nd respectively.
At the bottom end of the table, Champion Group and WSM Partners have snuck into the top-100 in 2022, while Jackson Stephen and Whitley Stimpson have both dropped out.
To read the full 50+50 2022 report, click here.