UK’s Big Four accountancy firms increased their fee income by 13%, to £6.7bn
during the past financial year, according to a newly released report by
Financial Services London (IFSL).
The IFSL research shows fee income among UK’s top 50 accounting firms rose by
13%, to £8.8bn – the third consecutive year in which fee income grew by at least
remains the biggest firm with fee income totalling £2.1bn; followed by Deloitte,
£1.8bn; KPMG, £1.4bn; and Ernst & Young (E&Y), £1.1bn. The combined
revenue of the Big Four accounted for 73.4% of the fee income of the top 50.
The Big Four’s share edged up slightly from a low point of 72% in the 2005
IFSL survey. E&Y’s fee income was the smallest of the big four but still
almost three times the next biggest firm Grant Thornton, up by more than
one-third, to £387m, following the merger with Robson Rhodes.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham