The PKF brand returns to the UK accountancy sector today as PKF Littlejohn formally starts as the representative of the PKF International network, taking the place of previous member PFK which merged with BDO earlier this year.
Carmine Papa, PKF Littlejohn's managing partner, said: 'PKF International is a highly respected brand around the world, and we are delighted to be its representative in London.'
PKF Littlejohn will continue as an independently owned firm within the PKF International (PKFI) network. The Top 60 accountancy firm, which has 30 partners and around 200 staff, is based in Canary Wharf and has a fee income of £16.9m.
Papa said the firm had worked in over 70 countries in the last 10 years. It has particular expertise in capital markets and company listings on AIM; the insurance sector; charitable and public sector bodies; and overseas businesses requiring specialist UK tax, VAT and regulatory advice. It is also one of the largest auditors of European Commission grant funding.
John Sim, the CEO of PKFI said: 'PKF Littlejohn has already brought its energy to our network, including involving member firms in their extensive portfolio of international assignments. In addition, PKF Littlejohn is setting up an international group within PKFI to serve the insurance industry- a sector where the firm has particular expertise. Soon to follow will be a European tax network and a transfer pricing group, and a group serving international charities.'
PKF International is the 15th largest global accountancy network (Accountancy, International Networks and Associations Survey for 2013) and its member firms have $2.68bn (£1.76bn) aggregate fee income. There are currently around 300 member firms and correspondents in 440 locations.
Francois Duhau, the European, Middle East & India Chairman of PKFI said: 'PKF Littlejohn gives us huge strength in London. Our objective is to add further member firms to the point where PKF in the UK will mirror our structure in other major European countries, with significant practices covering the main commercial cities.'
