Development updates: December 2016

Professional development news roundup includes PKF Cooper Parry fees hit £22m, Big Four and ICAEW meet Brexit minister, Shaw Gibbs and Grant Thornton expand, FCA caps pension early exit charges

PKF Cooper Parry fees hit record £22m

PKF Cooper Parry has reported revenues of £22m for the financial year ending on 30 June 2016 resulting in a 29% increase in growth on last year’s turnover of £17.2m, making it one of the fastest growing firm of accountants in the UK.

The firm has set a £30m target for the current financial year, which it is set to meet as its current performance is already up by 47%.

The 29% growth has contributed to the expansion of PKF UK and Ireland (PKF UKI) which is made up of seven member firms.

It has recently announced a total fee income of £128.9m for the year ending 31 May 2016, which is a 53% increase on the previous year.

PKF UKI is ranked 11th in Accountancy’s Top 75 league table with a fee income last year of £81.7m.

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