PwC Reveals 6pc Turnover Growth

PricewaterhouseCoopers, one of the world’s largest accountancy firms, has announced a 6 per cent hike in turnover to £2.46bn following an increase in large, private business clients.

The ‘Big Four’ firm said it was pleased with the growth given the challenging economic climate which has financially affected many of the large and listed companies it serves.

Ian Powell, PwC UK chairman and senior partner, said: “I am pleased to report turnover growth of 6 per cent, a strong performance in a period of volatile financial markets, fragile economic confidence and the tightening of public expenditure.”

“We continued to stay close to our clients and to invest in the future of our business.”

He revealed that PwC’s assurance business performed well by winning the Aviva, TUI and IG Holdings audits and achieving turnover growth of 6 per cent to £909m, while its advisory business grew turnover by 8 per cent to £907m.

“Competition in our markets remains fierce and we recognise that we need to continue to demonstrate to our clients that we can deliver the quality and value they demand both here in the UK and internationally,” added Powell.