ACCOUNTANCY PricewaterhouseCoopers will announce a 6% rise in turnover to £2.46bn today after winning more business from large private businesses.
The London-based firm with a North East base in Newcastle said it is pleased with the growth considering the challenging environment due to the financial decline of 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%, 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 said the assurance business performed well by winning the Aviva, TUI and IG Holdings audits and achieving turnover growth of 6% to £909m and its advisory business grew turnover by 8% 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.
Steve Denison, PwC’s northern chairman, said: “We recognise the short-term economic outlook remains uncertain for the North but we see excellent long-term growth prospects in serving the needs of entrepreneurs, mid-cap and private companies.”
