Accounting Firms

PrimeGlobal FY21 combined firm revenue climbs 20% to £2.5bn

Alongside the results, PrimeGlobal has launched its strategy 2025, which includes ‘significant investment’ to support its member firms

PrimeGlobal, the association of independent accountancy firms, saw its combined annual firm revenue rise 20% year-on-year to $3.5bn (£2.5bn) in FY21.

The growth was driven by a 247% year-on-year increase to the group’s Asia Pacific revenues for the year ended May 31, 2021.

Staff members at the organisation’s member firms jumped 21% to over 29,000, while the number of partners spiked 41% to more than 3,000.

Alongside the association’s FY21 results, PrimeGlobal launched its strategy 2025, which includes “significant investment” to support its member firms in ensuring they meet their clients’ changing needs.

Steve Heathcote, CEO at the organisation, said: “Our community of engaged members have come together to learn and respond to changing needs. 

“Our unique culture of learning, sharing and collaboration continues to attract new strong independent firms to PrimeGlobal.”

He added: “As the pace of change quickens, we have anticipated how firms will need to be supported in the future through our biggest strategy consultation ever. 

“Our Strategy will ensure our firms are ready to re-tool, re-skill and re-set to help businesses thrive as we emerge from the pandemic.”

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