The 25 largest accounting and advisory firms in Australia

19 December 2019 Consultancy.com.au

Australia’s accounting and advisory industry is booming. The country’s 25 largest players in the sector grew by an average of 12% over the past twelve months, now generating $11.2 billion in revenues.

Analysis of the financial statements of the largest accounting-heritage companies (of which the most also have advisory practices) in Australia shows that a group of four companies, known as the Big Four, are in terms of size miles ahead of the rest. Combined, PwC, Deloitte, EY and KPMG generate a turnover of $8.6 billion, around three quarters of the total fee income of the top 25.

In its latest financial year, market leader PwC increased its revenues by 11% to $2.6 billion. Number two Deloitte grew even stronger, at 14% to $2.3 billion, on the back of a booming consulting division. KPMG added 9% to its revenue base, lifting it to $1.8 billion, while EY – number three of the Big Four – was the slowest growing of the quartet.

Australia’s fastest growing top 25 accounting and advisory firm is Mazars, which saw its revenue jump by a staggering 115%, followed by Synergy Group, a professional services firm dedicated to the public sector. BDO was the strongest grower in the top 10, and now generates revenues of just under $300 million.

As a group, the 25 largest accounting and advisory firms dominate the landscape. Illustrating this, Australia’s 100 largest accounting and advisory firms generate $12 billion in turnover, with the top 25 firms accounting for over 90% of the cut.

PwC
Number of employees: 6,463
Number of offices in Australia: 8
Revenue (FY19): $2,600 million
Revenue growth (FY19): 10.6%

Deloitte
Number of employees: 9,847
Number of offices in Australia: 12
Revenue (FY19): $2,300 million
Revenue growth (FY19): 14.3%

EY
Number of employees: 6.387
Number of offices in Australia: 7
Revenue (FY19): $1,887 million
Revenue growth (FY19): 5.7%

KPMG
Number of employees: 8.382
Number of offices in Australia: 14
Revenue (FY19): $1,780 million
Revenue growth (FY19): 8.5%

Findex
Number of employees: 1,991
Number of offices in Australia: 80
Revenue (FY19): $367 million
Revenue growth (FY19): 1.0%

BDO
Number of employees: 1,566
Number of offices in Australia: 10
Revenue (FY19): $299 million
Revenue growth (FY19): 11.5%

Grant Thornton
Number of employees: 1,124
Number of offices in Australia: 6
Revenue (FY19): $266 million
Revenue growth (FY19): 4.2%

Pitcher Partners
Number of employees: 1,426
Number of offices in Australia: 6
Revenue (FY19): $261 million
Revenue growth (FY19): 3.7%

RSM
Number of employees: 1,164
Number of offices in Australia: 31
Revenue (FY19): $202 million
Revenue growth (FY19): 6.8%

William Buck
Number of employees: 575
Number of offices in Australia: 7
Revenue (FY19): $119 million
Revenue growth (FY19): 7.9%

PKF
Number of employees: 564
Number of offices in Australia: 13
Revenue (FY19): $116 million
Revenue growth (FY19): -1.3%

Bentleys Network
Number of employees: 563
Number of offices in Australia: 13
Revenue (FY19): $114 million
Revenue growth (FY19): 7.7%

HLB Mann Judd
Number of employees: 558
Number of offices in Australia: 9
Revenue (FY19): $103 million
Revenue growth (FY19): 1.1%

CountPlus
Number of employees: 558
Number of offices in Australia: 29
Revenue (FY19): $98 million
Revenue growth (FY19): -3,5%

Nexia Australia
Number of employees: 579
Number of offices in Australia: 8
Revenue (FY19): $97 million
Revenue growth (FY19): 4.4%

McGrathNicol
Number of employees: 200
Number of offices in Australia: 5
Revenue (FY19): $88 million
Revenue growth (FY19): 25.7%

Walker Wayland Australasia
Number of employees: 470
Number of offices in Australia: 35
Revenue (FY19): $84 million
Revenue growth (FY19): 8.3%

Moore Stephens
Number of employees: 364
Number of offices in Australia: 14
Revenue (FY19): $80 million
Revenue growth (FY19): 9.0%

Hall Chadwick
Number of employees: 340
Number of offices in Australia: 11
Revenue (FY19): $73 million
Revenue growth (FY19): 7.2%

ShineWing
Number of employees: 309
Number of offices in Australia: 3
Revenue (FY19): $59 million
Revenue growth (FY19): 5.4%

Synergy Group
Number of employees: 300
Number of offices in Australia: 1
Revenue (FY19): $56 million
Revenue growth (FY19): 32.7%

DFK Australia New Zealand
Number of employees: 197
Number of offices in Australia: 15
Revenue (FY19): $54 million
Revenue growth (FY19): 0.6%

Mazars
Number of employees: 274
Number of offices in Australia: 4
Revenue (FY19): $51 million
Revenue growth (FY19): 115.9%

Kelly Partners
Number of employees: 229
Number of offices in Australia: 13
Revenue (FY19): $43 million
Revenue growth (FY19): 5.1%

UHY Haines Norton
Number of employees: 211
Number of offices in Australia: 9
Revenue (FY19): $38 million
Revenue growth (FY19): 1.6%

Sources: Data sourced from Chartered Accountants ANZ, Australian Financial Review and Consultancy.org.


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