GRANT THORNTON INTERNATIONAL’s global revenue stream hit $4.7bn (£3.1bn) for the year ended 30 September 2014. This was marginally up on the $4.5bn reported the previous year.
European revenues rose by 6.3% to $1.9bn, while its Americas arm leapt by $2.1bn, buoyed by a 4.3% rise in its global workforce to 40,197 across all 130 countries in which the international network operates.
Asia Pacific revenues were up by 3% to $583m while its African operation reported a revenue rise of 6.3% to $106m. Its CIS (Commonwealth of Independent States) arm – essentially former Soviet states – demonstrated the highest percentage growth at 51.5% to $41m, just above the Middle East which saw its revenues grow to $40m, rise of 14.1%.
The network’s biggest division, assurance, saw a distinct 3.5% uptick to $2bn, while tax was up 2.7% at US$950m and advisory services expanded by 4.8% to hit $1.4bn.
New member firms in Afghanistan, Belize, British Virgin Islands, Cambodia, Myanmar, Pakistan, Russia, Singapore and Tanzania joined the GT brand, while M&A activity saw expansions in a number of countries including Australia, Brazil, the UK and Vietnam.
Ed Nusbaum, global CEO of Grant Thornton International, said: “Our goal going into 2015 is to continue to provide high quality services to our clients and to help them, and our people, unlock their potential for growth.”
BDO has announced two key international appointments as the firm continues to expand in its private client business across the BDO global network
Online accountancy firm, My Accountant Friend (MAF), has opened its latest office in Birmingham and recruited new partner, Richard Ingledew
KPMG has announced the appointment of Sarah Willows as chief financial officer and head of operations
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK