KPMG not shy to pick up work big and small in insolvency
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…