PracticeAccounting FirmsMoore Stephens

Moore Stephens

The century old firm has the higest number of UK offices as it strenghtens its PFI and AIM portfolio

For Moore Stephens, 2007 represents a good year. It celebrates its centenary
year as fee income rose by 20%, cementing its position just outside the top ten
firms. It is led by Richard Moore and Colin Moore.

The firm currently operates 44 offices throughout the UK – more than any
other firm. This is reflected by the high number of partners it has, 169. The
downside of that is average fee per partner is among the lowest of the larger
firms at just £600,000, someway off the £1.4m per partner registered by
ninth-placed PKF.

Founded in 1907, Moore Stephens makes great play of its international
networks, one of the biggest outside the Big Four with 539 offices in 93
countries. Its UK arm covers the usual areas of audit, tax and consulting, with
the latter showing the healthiest signs of growth in the past year at 33%.
Corporate finance also showed good signs of expansion. According to the firm
itself, international growth made it the fastest growing network in the world
from 2005 to 2006. This comes despite a high profile liability case winding its
way through the courts over Moore Stephens’ handling of the accounts of client
Stone and Rolls during the 1990s.

As for the firm’s specialisms, Moore Stephens has a strong presence in the
mining sector as well as hospitality and property. But it is shipping where the
firm really makes it mark, with the City ranking it the number one adviser to
that industry.

For now, it is focusing on growing its PFI consultancy arm and establishing a
firm foothold with AIM-listed clients, a popular current tactic among the
mid-tier.

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