Delegates were warned against the concept at a presentation by Reading-based accountancy firm service provider Goldsmiths Group.
Ron Goldsmith, managing director, said: ‘I think the concept will be failure at the end of the day.’
He added: ‘However you sell your practice, make sure it’s sold within the industry. Having six firms coming together is not necessarily the way forward. Being big may not necessarilt be a happy solution.’
He named consolidators such as Tenon who are understood to be in discussions with a number of mid-tier and smaller firms.
They say they offer firms major opportunities for growth and development.
Other highlights at the Accountancy Age sponsored event – the biggest UK accountancy exhibition – included over 100 exhibitors including 2005 Research, Access Accounting and Pegasus Software.
A raft of presentations were given throughout the event and highlights included David Forbes who gave a lively discussion on filing tax returns over the internet.
Meanwhile Paul Sparkes from Exchequer Software gave a no-nonsense guide to e-commerce, web catalogues through to business trading over the web.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice