Grant Thornton

Who are Grant Thornton? 

Grant Thornton is the world’s seventh-largest accountant firm in the UK. Currently, it provides services to more than 40,000 privately held businesses, public interest entities, and individuals. It is led by more than 185 partners and employs more than 4,200 people.  The origins of the company date back to 1904, when the UK firm of Thornton and Thornton was formed in Oxford. Through a series of various name changes, this firm merged in 1959 with another UK firm, Baker and Co. 

Eventually, In 1975 Thornton Baker merged with Kidston, Jackson, McBain, a UK firm which traced its origins to the Glaswegian accountant, Robert McCowan, who set up in practice in 1844 and was a founder of the Institute of Accountants and Actuaries in Glasgow in 1853. Meanwhile, in the US, Alexander Richardson Grant founded Alexander Grant and Co in Chicago in 1924. 

When Grant died in 1938, Alexander Grant and Co survived the change in leadership and continued to grow nationally. In 1969, Alexander Grant and Co joined with firms from Australia, Canada, and the United States to establish the organisation of Alexander Grant Tansley Witt.  In 1980 Alexander Grant and Co and Thornton Baker, firms with similar qualities, clients, personnel numbers, and values, joined with 49 other firms to form a global organisation, Grant Thornton. In 1986, Alexander Grant & Co and Thornton Baker changed their names to Grant Thornton. Today, the group is headed by David Dunckley. 

What do they do? 

Grant Thronton offers a range of services to its clients. Namely, audit and assurance, tax, and restructuring. They also offer other special services which include:

Consulting: Which helps UK and international business with overseas growth and strategy. 

Cyber: Offers advice for businesses on data breaches and other cybercrimes, also helps clients deal with the various changes to cybersecurity and regulation. 

Deals: A service that aims to support business growth strategies through any e lifecycle of any transaction they undertake.

Financial services advisory: Helping clients navigate accounting, regulatory, technology and operating model change. Also helps corporate businesses with mergers and acquisitions,

Insolvency and global asset recovery: Helps clients devise and implement asset recovery solutions – with cases often involving elements of fraud, regulatory breaches or international angles.

Risk: A service which helps companies identify and manage risks, realise opportunities, and improve business performance. 

In the news

Grant Thornton and BPP Education Group recently announced the launch of two new data apprenticeship programmes. 

The new programmes meet the requirements of the Level 3 Data Technician and Level 4 Data Analyst Apprenticeship Standards respectively, which have been signed off for delivery by the Institute for Apprenticeships and Technical Education.  

Speaking at the time, Grant Thornton said the partnership brings together BPP’s apprenticeship provision and Grant Thornton’s extensive “insight and expertise in data analytics and assurance”. The programmes, cost £12,000 (Level 3) and £15,000 (Level 4) and eligible organisations will be able to use their Apprenticeship Levy to pay the entirety of this cost. 

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