No plans to merge for Grant Thornton
Grant Thornton, the UK's seventh largest firm, has ruled out a merger with another firm following the imminent joining of rivals HLB Kidsons and Baker Tilly.
HLB Kidsons announced its decision on Friday to merge with Baker Tilly after finalising a deal that will create a firm worth £150m in annual fee income, becoming the eighth biggest firm in the UK.p>Cleary said: ‘Grant Thornton does not need to merge with another accounting firm to sustain its growth. We will focus on further expanding our depth of services and on client service.’
The firm reported a fee income of £190m for the year ended 30 June 2001, growing 16.2%.
Cleary added: ‘On our part we are firmly placed as a leading firm in the mid-corporate sector. We have been a unified partnership for over 20 years and we successfully manage a £200m national business in the provision of professional services to mid-corporate businesses both in the UK and overseas through our extensive worldwide network.’