The closest challenger to the Big Four this decade, Grant Thornton is a firm
that has always prided itself on being dynamic and willing to do things
In 2007 the firm pushed ever closer to the psychological £500m revenue
barrier with the bold acquisition of struggling rival Robson Rhodes, and has
used the deal as a symbol of its intention to shake-up the accounting
establishment and provide a genuine challenge to the Big Four.
The firm still has some way to go yet. Revenues for 2007, including the
Robson Rhodes deal, are still only at £387m and although it is ranked among the
leading auditors and advisers on London’s AIM market, it has still struggled to
make an impact in the FTSE 350 space.
This is something the firm has openly said it is determined to change. Grant
Thornton is blessed with many of the profession’s brightest personalities and
pushes its image as the friendly face of accountancy.
This likeability coupled with bold proposals from Grant Thornton to reform
rules so that outside investors can pour cash into mid-tier firms with ambitious
growth plans should see the firm continue to lead the pack chasing the giant
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