With more than £1bn on top of last year’s combined revenues, there’s no doubt
that the UK’s Top 50 firms have had another very successful year. Total combined
revenues are now up to £8.7bn, a huge figure, though that is, of course,
dominated by the Big Four. Audit, despite sometimes appearing like the
Cinderella service line, is still the Top 50’s biggest money spinner.
To see the full results online click
To watch the Top 50 interviews on
AccountancyAgeTV, click here
But our survey reveals much more. On average women make up only 9.7% of
partners within a firm and the number of female qualifieds has dropped year on
year by two percentage points. Partners from ethnic minority groups still only
make up 5.9% of the total.
Our analysis also spotlights the growing gap between the Big Four and the
mid-tier firms that are chasing them. That gap has grown begging the question –
has the debate on audit choice had any effect at all? BDO Stoy Hayward’s Jeremy
Newman thinks it hasn’t and believes the explanation is all about investment.
And partners are growing older. But does that mean there are huge succession
problems looming on the horizon? Some observers do and believe the trend will
lead to greater consolidation in the market place.
To download the Top 50 survey and runners and riders as pdf files
All the news and analysis of the Top 50, 2007:
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...