PracticeAccounting FirmsConsultancy nudges Baker Tilly International into growth

Consultancy nudges Baker Tilly International into growth

International network sees modest growth, as advisory services perform strongly

STRONG PERFORMANCE in consultancy has pushed Baker Tilly International into growth.

Revenues for the international network were $3.4bn (£2.1bn) – all currencies converted to US dollars – for the year ending 30 June 2012, a 3% year-on-year increase.

Core service lines, accountancy; tax; and audit were either static or saw percentage decreases. Accountancy fell 13% to $460m, tax fell 3% to $840m and audit held at $1.23bn. However, consultancy grew 26% to $850m.

Regionally, there was modest growth, but the Europe, Middle East & Africa region was static at $1.21bn.

“Whilst the economic recovery remains unpredictable, our members have responded to the changing needs of our clients,” said Geoff Barnes, CEO and president of Baker Tilly International.

“Across all regions we have seen growth of 26% on consultancy services provided by member firms. This increase is reflected in our clients seeking a more holistic approach to the services we provide them.”

Baker Tilly International has 161 independent member firms in 137 countries, with 27,000 people in 738 offices. It is the 8th largest network, according to Accountancy Age’s Top 35 Networks 2013.

Related Articles

Specialist VAT service provider joins MHA

Accounting Firms Specialist VAT service provider joins MHA

1m Austin Clark, Reporter
Global business head appointed at MHA MacIntyre Hudson

Accounting Firms Global business head appointed at MHA MacIntyre Hudson

12m Stephanie Wix, Writer
RSM recruits Ireland’s Baker Tilly Ryan Glennon into its fold

Accounting Firms RSM recruits Ireland’s Baker Tilly Ryan Glennon into its fold

2y Chris Warmoll, Writer
Accountancy Age: 2015's most popular stories

Accounting Firms Accountancy Age: 2015's most popular stories

2y Kevin Reed, Writer
Friday Afternoon Live: Merger frenzy and RSM's numbers

Accounting Firms Friday Afternoon Live: Merger frenzy and RSM's numbers

2y Accountancy Age, Reporters
RSM promotes a record 19 new partners

Accounting Firms RSM promotes a record 19 new partners

2y Richard Crump, Writer
RSM predicts 16% jump in Debt Relief Orders

Accounting Firms RSM predicts 16% jump in Debt Relief Orders

2y Chris Warmoll, Writer
Baker Tilly Hong Kong quits Asian Citrus audit after failure to agree fee

Accounting Firms Baker Tilly Hong Kong quits Asian Citrus audit after failure to agree fee

2y Calum Fuller, Reporter