• Register
Return to: Home > News > Big Four > PwC UK reports 2% growth in revenue but an 8% drop in profit per partner

PwC UK reports 2% growth in revenue but an 8% drop in profit per partner

PwC UK has reported annual revenues of £3,002m ($4,063.3m) in the year to 30 June 2017, up 2% year-on-year. But distributable profit per partner has dropped 8%, from £706,000 to £652,000 in the same period.

This is the second year in a row that PwC UK’s distributable profit per partner has dropped as it dropped 5% for the financial year ending June 2016. However, the number of UK partner increased to 917 this year compared to 890 for last year.

PwC UK is still ahead of Deloitte UK in the rankings since Deloitte reported revenues of £2,941m for financial year ending 31 May 2017, up 9% from the previous year.

However PwC UK owns 100% of the ordinary shares of PricewaterhouseCoopers (Middle East Group) limited which is incorporated in Guernsey. And when adding the figures of the Middle Eastern practice, the group PwC UK grew by 5% to £3,598m. Equally, Deloitte UK Group which includes the Swiss practice reported 11% growth up to £3,380m for 2017.

Top Content

    Blockchain and the Big Four: does it deserve all the hype?

    Although still in its infancy, blockchain is one of the most talked-about technologies of 2018. Will the blockchain bubble burst, or will it live up to its reputation as the ‘new internet’? Eleanor Jerome investigates

    read more

    Malaysia: Ready to show its strength

    Recent changes have enhanced the quality of audit reports in Malaysia, giving the profession a welcome opportunity to demonstrate its value to clients. Paul Golden reports

    read more

    China: Regulating the Chinese dragon

    Harsh regulatory actions and looming US trade wars have been dampening expectations in a Chinese market still full of potential, finds Jonathan Minter

    read more

    Indigenous Australians: New checks and balances

    With fewer than 40 known qualified Indigenous Australian accountants, Jonathan Minter speaks to Shelley Cable from PwC Australia about how increasing this number is an important part of improving the financial literacy of Indigenous communities

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.