PracticeAccounting FirmsBig Four increase share of fee income

Big Four increase share of fee income

UK’s Big Four accountancy firms increased their share of the top 50s' fee income to 73.4% – up from 72% in 2005

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
International
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
11%.

PricewaterhouseCoopers
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.

Further reading:

Deloitte delivers record 15.5% global growth

BDO’s audit win pushes fee growth past Big Four rivals

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