Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Kreston Global has seen combined annual revenues for its member firms rise to $3.12bn (£2.47bn) for the year ending 31 October 2024, marking the highest ever combined revenue figure for the network.The global accountancy network said this was driven in part through “significant” expansion with the addition of seven new firms across four continents.
The new firms include RevicomRevicom (Italy), De Beer (Netherlands), Kreston Osiris Audit (Luxembourg), Kreston Helmi Talib (Singapore), Kreston Thailand, Kreston BA Argentina, and Kreston Eastern Caribbean.
In terms of service lines, audit and assurance experienced the most growth, with a 24% increase year-on-year. Tax services also saw a “moderate” increase in fee income, up by 3% against the previous year.
Regionally, income across Latin America grew the fastest in the year, with income up by 20%. This was followed by strong growth in both the Middle East (17%) and North America (13%), while growth in Asia, Europe and Africa remained largely flat.
Member firms reached a combined headcount of 27,509 employees, representing 1% growth of the previous year. Out of this, 2,826 are partners, a slight reduction from a total of 2,853 partners in 2023-24.
Liza Robbins, CEO of Kreston Global, said: “Kreston Global has experienced phenomenal success over the past year, and our combined revenue growth is testament to the quality of the services which our members provide to businesses navigating both the changing regulatory landscape and global economic headwinds.
“In that context, demand is clearly growing for high-quality, reliable financial insights, reporting, and advice seeking to ensure compliance with shifting regulatory requirements.”
She added: “We are also pleased that our global expansion has continued, even amidst industry-wide challenges such as competing for talent and a rapidly moving landscape for technological innovation.
“Our combined growth reflects the tangible benefits of collaboration between members, which only strengthens our network overall and provides even better resources and capabilities for our clients around the globe.”
