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

Related Articles

British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

2w Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

2w Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

2w Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

3w Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

1m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

1m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor
Mind the gap: what accountancy firms should be doing ahead of the new gender pay gap reporting rules

Accounting Firms Mind the gap: what accountancy firms should be doing ahead of the new gender pay gap reporting rules

2m Karen Baxter, Lewis Silkin