PracticeAccounting FirmsGrant Thornton attacks Big Five

Grant Thornton attacks Big Five

Grant Thornton has today launched an astonishing attack on the Big Five, claiming their monopoly over the mid-tier is 'dissolving in the face of increased competition' from middle market specialists.

The firm said the mid-tier was increasingly offering a range of services and an international network to rival the big guns.

It pointed out brands such as Harrods – which the firm recently won as a client after PwC resigned as the superstore’s auditor – were among a growing group of Grant Thornton clients which might previously have only considered working with the Big Five.

Simon Lowe, senior audit Partner at Grant Thornton said: ‘The gap between the Big Five and Grant Thornton is gradually starting to close as mid-corporate businesses increasingly recognise the value of the services that we can provide.’

He added: ‘As companies increasingly shift away from the anonymity of the large organisation, they welcome a service provider who genuinely values their business and an experienced team who is prepared to go that extra mile. We are now seeing a shift away as the market place become more competitive and clients demand a more personalised service.’

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

5d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

7d Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman