Top 30 Accountancy Firms UK 2023-2024
Welcome to the Accountancy Today Top 30 accountancy and advisory firms for 2023-2024.
This year the standout figures (from the latest figures available for each firm) are as follows:
Top Performers by Turnover
- PWC leads with £5.8 billion, followed closely by Deloitte at £5.6 billion.
- EY and KPMG also have significant turnovers at £3.8 billion and £2.96 billion respectively.
Growth Leaders
- Azets displayed the highest growth rate at 19.07% year-over-year.
- PWC, EY, and BDO each reported strong growth at 16%.
Revenue Efficiency
- Deloitte stands out with the highest revenue per partner at £8.75 million.
- KPMG, BDO, and Mazars also have notable efficiency with revenues per partner at £3.6 million, £2.25 million, and £1.95 million respectively.
Employee and Partner Numbers
- Deloitte and PWC have the largest workforces, each employing over 26,000 people.
- EY has the highest number of partners at 1,701, while PWC and Deloitte have 1,057 and 640 partners respectively.
Declines and Challenges
- Cooper Parry experienced a significant turnover decline of 36.80%.
If your firm is listed on this table and you have more recent data to share, or if you think we have made any errors, please get in touch with us with the relevant official records and we will be happy to amend.
| Firm | Annual Turnover £m | % Change YOY | UK Employees No | Partner No | Revenue per Partner £m | Report End Date | Latest News |
| PWC | £5.8bn | 16% | 26,000 | 1,057 | 5.49 | 30/6/2023 | PWC News |
| Deloitte | £5.6bn | 14% | 26,500 | 640 | 8.75 | 31/5/2023 | Deloitte News |
| EY | £3.8bn | 16% | 21,136 | 1,701 | 2.22 | 31/10/23 | EY News |
| KPMG | £2.96bn | 9% | 17,239 | 833 | 3.6 | 30/9/2023 | KPMG News |
| BDO | £955m | 16% | 7,500 | 441 | 2.25 | 30/6/2023 | BDO News |
| Grant Thornton | £610m | 12% | 5,104 | 212 | 31/12/2022 | Grant Thornton News | |
| Evelyn Partners | £600m | 7% | 3,600 | 430 | 1.4 | 31/12/22 | Evelyn Partners News |
| RSM | £486.3m | 13% | 4,700 | 356 | 1.37 | 31/3/2023 | RSM News |
| Azets | £361.6m | 19.07% | 3,916 | 379 | 0.95 | 30/06/2023 | Azets News |
| Mazars | £335m | 16% | 3,273 | 171 | 1.95 | 31/8/2023 | Mazars News |
| Moore Kingston Smith | £220.1m | 14% | 2,150 | 206 | 1.06 | 30/4/2023 | Moore Kingston Smith News |
| Crowe UK | £144m | 13% | 1400+ | 98 | 1.46 | 31/3/2023 | Crowe News |
| MHA | £140.90m | 19.00% | 1740 | 122 | 1.15 | 31/03/2023 | MHA News |
| Begbies Traynor | £121.8m | 11% | 1,051 | 80 | 1.52 | 30/7/2023 | Begbies Traynor News |
| Xeinadin Group | £106.8m | 9.53% | 1,437 | 93 | 1.14 | 31/5/2023 | Xeinadin Group News |
| FRP Advisory | £104m | 9% | 551 | 78 | 1.33 | 30/4/2023 | FRP Advisory News |
| UHY Hacker Young | £74.0m | 17.30% | 858 | 73 | 1.01 | 30/4/2023 | UHY News |
| Buzzacott | £71.9m | 16% | 602 | 52 | 1.38 | 30/9/2023 | Buzzacott News |
| PKF | £67.0m | 26.77% | 470 | 36 | 1.86 | 31/5/2023 | PKF News |
| Menzies | £58.4m | 15.90% | 579 | 45 | 1.3 | 30/6/2023 | Menzies News |
| Haysmacintyre | £52.3m | 14% | 565 | 39 | 1.34 | 31/3/2023 | Haysmacintyre News |
| Kreston Reeves | £44.5m | 11.23% | 462 | 47 | 0.95 | 31/5/2023 | Kreston Reeves News |
| Quantuma | £36.4m | 6.60% | 249 | 41 | 0.89 | 31/05/2023 | Quantuma News |
| Armstrong Watson | £35.5m | 14% | 553 | 36 | 0.98 | 31/3/2023 | Armstrong Watson News |
| Hazlewoods | £34.0m | 0% | 490 | 39 | 0.84 | 30/4/23 | Hazlewoods News |
| Price Bailey | £31.3m | 4.60% | 349 | 26 | 1.2 | 31/3/2023 | Price Bailey News |
| Cooper Parry | £24.2m | -36.80% | 344 | 104 | 0.23 | 30/4/2023 |
Understanding the data
Here are our reflections on the trends in the data.
- Efficiency Variability Among Firms: There’s a stark contrast in revenue per partner among the firms, suggesting different levels of operational efficiency or strategic focus. For instance, Deloitte‘s £8.75 million revenue per partner is significantly higher than others, pointing to a highly effective partner contribution or a focused strategy on high-margin services.
- Sector Resilience and Growth: Several firms exhibit double-digit year-over-year growth rates despite varied economic conditions, indicating resilience and possibly successful adaptation to market demands or digital transformations.
- Scaling vs. Boutique Models: The data also hints at different business models, with larger firms having lower revenue per partner compared to some smaller firms. This could suggest a scaling model for large firms focusing on expanding services and client bases, versus boutique firms that might focus on specialized, high-value services.
- Workforce and Partner Ratios: The varying ratios of employees to partners across firms could be indicative of differing operational models or levels of leverage. For example, EY, with the highest number of partners at 1,701, has a lower revenue per partner, possibly due to a higher leverage model where more employees support each partner.
- Market Position and Niche Focus: Firms like Azets and PKF, which show significant growth, might be exploring niche markets or specialized services that have higher demand, setting them apart from competitors and allowing for rapid growth.
- Economic Impact Considerations: The overall robust turnover figures across these firms also suggest a significant contribution to the UK’s professional services sector, indicating its critical role in the broader economic landscape.