With record levels of income, the UK’s accountancy firms are powering ahead, driven by a rapidly transforming business environment. At the same time, the sector is witnessing a structural shift, with the rise of network firms, mergers and consolidation.

According to Accountancy Daily’s Top 75 Firms 2022 accountancy firm survey, the combined income of this year’s firms has hit £18.87bn, an increase of 6.4% over the previous year’s survey.

This marks a more than decade-long bull run for the Top 75, which has not experienced a collective dip in income since 2010. Even Covid-19 has not been able to slow down growth.