PracticeConsultingPKF/Robsons merger: Firms join after fees fall

PKF/Robsons merger: Firms join after fees fall

The merger of Robson Rhodes and Pannell Kerr Forster has been dubbed ‘inevitable’ given the falling performance of the two firms in recent years.

The move follows a similar link-up between Group A rivals BDO Stoy Hayward and Moores Rowland in January.

PKF filed less-than-impressive figures last November. Notching up a 2% hike in its fee income to #74.4m for the year to 30 April, it was behind the rest of Group A.

But, despite the figures and persistent industry rumours, managing partner Martin Goodchild ruled out merger as the way to improve the firm’s figures.

He said PKF hoped to grow organically by taking on quality staff.

Goodchild’s denial was echoed by Robson’s managing partner Chris Connor at the time of the Stoys/Moores link-up. ‘Robson Rhodes does not have any merger plans,’ he said emphatically.

Robsons has had its own share of poor results. Partner profits collapsed by more than 20% to #43m in 1997 alone.

Speaking this week, Baker Tilly chairman Clive Parritt said: ‘Putting together two firms will combine all their strengths – and weaknesses. Merging is a natural response if bankers and advisers are looking for turnover size. But can they deliver?’

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer