Accountancy Age has released its annual survey of "Top 50 + 50 UK Accountancy Firms 2010." Amongst the top ten list, PricewaterhouseCoopers seated at the top, ranked #1, still unchanged from the last year position with the UK fee income of £2,248 million, Deloitte ranked in #2 (unchanged from 2009) with £1,969 million, KPMG took the place of #3 (unchanged from 2009) with £1,630 million. While Ernst & Young placed in the lowest amongst the big four, ranked #4 (unchanged from 2009) with its revenue of £1,383 million.
Grant Thornton UK and BDO Stoy Hayward stood still at the position of #5 and #6 respectively. While RSM Tenon Group moved up from #9 in 2009 to #7. Baker Tilly moved down from the 7th position to the 8th position and Smith & Williamson also moved down from the 8th position to the 9th position. At the bottom of the top ten was PKF (UK), remain unchanged at #10.
“If you thought that 2009 had been a tough year for the UK's top accounting firms, it's got nothing on 2010. Things have gone from bad to worse for the UK's top accounting firms this year. While there was overall nominal growth in the Top 50, 19 firms failed to improve their incomes on the previous year. The situation was even tougher in the +50, where growth rates stagnated,” said Accountancy Age.
Accountancy Age is published in the UK by Incisive Media, one of the world's leading B2B information provider.
Read the complete report from here : Top 50 + 50 Accountancy Firms 2010