PKF UKI reveals significant growth with fee income of £128.94m
27 Jul 2016
Accountancy network PKF UK and Ireland (PKF UKI), which is made up of seven member firms in the UK and Ireland, today announced a total fee income of £125.74m for the UK and £128.94m for the UK and Ireland for the year ending 31 May 2016. A 53.2% and 52.8% increase respectively on the previous year. The regional PKF UKI network forms part of the global network of PKF International which operates in more than 150 countries.
The seven independent member firms, PKF Littlejohn, PKF Cooper Parry, KLSA, Johnston Carmichael, PKF-FPM and PKF Francis Clark in the UK and PKF O’Connor, Leddy & Holmes in Ireland, are on track to becoming one of the country’s major accountancy networks, and have surpassed the pledge they made in 2014 of reaching £100m fee income.
Commenting on this year’s success, Carmine Papa, Chairman of PKF UKI said: “It’s been a great year for the PKF UKI network with accelerated growth and profitability a testament to the high quality work that we offer our clients. Working together to maximise our shared expertise and with such a wide geographical spread, we have developed an invaluable network which is committed to supporting our clients, wherever they may be.
“The growth over the last 12 months shows the strength and ambition of the PKF UKI network. We are becoming a real alternative to the Big Four while at the same time retaining the personal touch that our larger rivals have lost. Provided we can continue to deliver the quality services that our clients want, we will continue to grow, whatever future headwinds we may encounter.”
All seven of PKF UKI main businesses showed significant growth with Tax, Corporate Finance and Consultancy showing the strongest areas of growth.
With the PKF UKI brand now firmly established in the UK, the network is looking forward to further success in the next stage of its development through its collective strategy of maintaining high standards, exceeding client expectations and sharing best practice through employee secondments and training.
South West Accountancy firm PKF Francis Clark is the latest addition to the PKF UKI network and came on board on 1st April this year.