KPMG enjoys six per cent revenue increase amid maintained Scottish growth

Catherine Burnet
Catherine Burnet

KPMG has announced an increase in revenues of nearly six per cent over the past year while maintaining its growth trajectory in Scotland.

The professional services firm’s revenues increased from £1,958m to £2,068m for the financial year ending 30 September 2016.

Catherine Burnet, senior partner for KPMG in Scotland, said: “2016 has been a strong year for KPMG in Scotland and we’ve seen steady growth driven by a range of services with an emphasis on public sector contract wins and the continued success of our tax advisory practice. Given wider economic uncertainties caused by Brexit and challenges posed in the oil and gas sector, we’re particularly satisfied the firm has maintained a growth trajectory in Scotland; a testament to the diversity of the Scottish economy and our wide range of capabilities and services.

“Our audit practice continues to play a significant role in the firm’s success in Scotland, with recent contract wins including Scottish Power, Standard Life, Wood Group and Aggreko, among others.

“However, 2016 has also been a year of investment, and we’ve made no secret of our move to strengthen our Enterprise and Consulting offering as part of an ongoing programme to provide full services to a growing Scottish SME market. The Tax Centre for Excellence, based in Glasgow, continues to drive the firm’s small business accounting (SBA) services, working with clients across the UK and creating more than 200 jobs since it opened three years ago.

“Similarly, we remain a strong employer across the country, with more than 950 staff based at our four offices. Our recent office move to St Vincent Plaza in Glasgow signifies our growth ambitions and gives us plenty more room to expand. This year also saw Launchpad being implemented for the first time, KPMG’s new approach to graduate recruitment to ensure we are able to recognise and recruit the best talent, while giving those potential recruits the best experience of us as a firm.

“We recognise the economy is changing quickly, and we need be fleet-of-foot to adapt so that we can continue to provide clients with the best possible advice and service. The impact of technology on the sector means there are more opportunities to provide resilience and security advice, as well as how technology can be adopted to meet consumer demand. The pace of technological change is unlikely to slow anytime soon and as digital integration becomes the norm, we expect our cyber team will continue to grow, and is well placed to do so.

“2016 has been an exciting and unpredictable year for many and the firm is proud to have played a role supporting businesses across Scotland. Although uncertainties will continue to dominate the landscape for 2017, we are confident about our own future, and that of the Scottish economy.”

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