PracticeAccounting FirmsPublic sector consultancy drives PKF

Public sector consultancy drives PKF

PKF today announced a growth in fee income of 4.6%, due mostly to a boost in the mid-tier firm's consultancy work in the public sector.

In its results to March 31, the firm said its fee income was over £102m, growing less than 5% on last year. But it added it had sold businesses in Cardiff and Exeter, so like-for-like growth was about 8%.

PKF’s net profits increased 5% to £18.6m and its profits per partner grew to £164,600.

The firm said its consultancy business in particular had shown significant growth, spearheaded by its public sector and modelling wokr, which increased its fee income by over 40%.

Managing partner Matin Goodchild: said: ‘In addition to the strong growth in our public sector and modelling work, we have also seen significant growth in corporate finance and across all our consultancy specialist services.’

‘Although we are now entering a period of considerable uncertainty for the UK economy as well as structural change within our profession, we are confident that we have the underlying financial strength and stability to enable us to prosper in today’s business climate.’

Links

Business Finance – Red tape stranglehold on SMEs

Firms claim downturn not hurting

PKF’s website

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