PracticeAccounting FirmsPKF

PKF

PKF - the middleweight packing a power punch. But how long will it be until its advancing years catches up with the firm?

pkf

Summary

This mid-tier stalwart has carved out a reputation for being something of an
accounting bloodhound – dogged, determined and an integral part of the chasing
pack.

PKF was adopted as the UK firm’s name in 2000, giving a nod to William Henry
Pannell, Errol Kerr and William J. Forster, the UK and US founders of the
practices to which it can trace its origins back to 1869.

Accountancy Age’s Top 50 2007 stated that the firm recorded fees of £130.4m.
Spearheaded by senior partner Ian Mills and managing partner Martin Goodchild,
the firm punches well above its weight in terms of fees per partner as each of
its 95 senior staff generated fees of £1.4m. Although other firms have a bigger
total fee income, on a fees-per-partner basis this puts it on a par with Grant
Thornton UK (320 partners, £1.2m each) and BDO (227 partners, £1.5m)

It has offices in 23 locations in the UK and also has three associated firms
in the tax havens of the Isle of Man and Guernsey, and also in the Republic of
Ireland.

PKF provides the standard services lines but also offers PKF Financial
Planning Limited which allows it to focuses on retirement savings and
investments planning, private education funding, medical care provision, life
insurance and business assurance protection ‘without bias.’ It has also earned
itself a reputation in the burgeoning football club turnaround business.

One number of particular interest in relation to PKF is the average age of
partners. At 50, higher than many of its peers, it is often mentioned as a firm
with some succession problems.

History

Culture

Key departments

Clients

Leading partners

Career prospects

Salaries

Recruitment

Work-life balance

Diversity

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