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September 9, 2013

PwC tops Big Four ranking in the UK

PwC UK has increased its revenue by 3% to £2.6bn in the year to 30 June 2013.

With these results PwC UK retains its ranking as the largest firm in the UK. In August Deloitte UK reported £2.5bn in annual revenues, up 8%

PwC UK reported growth across all its main service lines with assurance growing 1% to £969m, tax 3% to £680m and consulting by 9% to £478m.

Deals services remained flat at £562m.

PwC UK also reported a slight increase in its profit from £727m in 2012 to £740m in 2013. While profits distributed to partners were up 4% from last year at £705,000 per partner.

PwC UK chairman and senior partner Ian Powell said: "It’s been a strong year as we continue to navigate a clear course to deliver responsible, profitable growth in challenging market conditions. Our performance reflects a balanced portfolio of businesses, the high quality of our client work, and the range and depth of our people’s expertise."

PwC UK revenues include the network’s Middle Eastern practice, which contributed just over and estimated £210m to the firm.

KPMG and EY are yet to release their results for this financial year. Last year, KPMG reported revenues of 1.7bn while EY reported revenues of 1.6bn.

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