PwC turnover tops £2bn

PwC turnover tops £2bn

11% growth for Big Four firm

Big Four firm PricewaterhouseCoopers has reported 11% growth in UK turnover
to £2bn for the financial year to 30 June 2006.

This confirmed its status as the biggest accounting firm in the UK.

For the last two years, turnover at the firm has grown by 25% with growth in
each of those years of £200m.

Underlying operating profits grew 24% to £577m, while partner numbers rose by
5% to 793 partners and average profit per partner was up 17% to £716,000.

Among its various business operations, the firm’s tax practice recorded
growth of 15%, while its human resource services grew 20%.

Kieran Poynter, chairman of PwC, was naturally upbeat and said: ‘It is great
to have reached £2bn of turnover, but more important for me is the sustained
growth and achievement in all aspects of our business.’

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