Baker Tilly fees up by £9.2m
Mid-tier firm Baker Tilly has posted results revealing a 13% growth in fee income, making it the ninth largest accounting firm in the UK.
The firm reported total fees of Pounds 79.2m for 2000/2001 – Pounds 9.2m up on the previous year’s figure of Pounds 70m, which included income from merger partner Fraser Russell.
Previously tenth largest, the result will now place BT above fellow mid-tier firm Horwath Clark Whitehill which has not matched BT’s growth rate.
Baker Tilly claimed significant growth in its corporate finance, business recovery and tax practices adding it had worked on a number of AIM and OFEX listings.
Commenting on current market conditions, managing partner Laurence Longe, said: ‘Consolidation, specialisation and fragmentation are the norm as the profession transforms itself to meet market requirements.’
Longe did not rule out further mergers in the future, saying the firm’s position was constantly under review.
He added that the firm would be looking for growth both organically and through acquisitions.
Last summer Baker Tilly merged with Fraser Russell, a move which first launched the firm into the top ten.
Earlier this year John England took over as chairman of the firm after Clive Parritt, one of the architects of the merger, left to join Douglas Llambias’ The Business Exchange.
The Accountancy Age Top 50 will be published later this month.
Links