| KPMG UK sees profits up 21%
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| | KPMG LLP, the UK member
firm of KPMG
International, reported
a 21% increase in profit
for 2005, together with
a 20% rise in turnover.
The firm said
operating profits were
£305m for the financial
year ended 30 September | |
|
| | 2005, compared to £253m
in 2004.
Turnover was £1,281m,
against £1,071m in 2004.
Mike Rake, chairman
of KPMG International
and UK senior partner,
said: "In many ways,
2005 was the most
successful year in the | |
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| | history of the UK firm.
Our growth of 20% makes
KPMG the fastest growing
'Big Four' firm in the
UK in 2005 - and
vindicates our strategy
to invest at a time when
the economic environment
was less promising. We
were confident that - | |
|
| | with the right people,
the right values and
culture, and the right
approach to our diverse
range of clients - we
would see our turnover,
profitability and market
share increase."
All but two of KPMG's
core service lines saw | |
|
| | growth in 2005. The
biggest increase was in
Risk Advisory Services
where turnover grew by
48%, mainly due to
"Sarbanes Oxley" related
work.
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