Top 75 Firms Survey 2020: fee income hits record £17.7bn as profits falter

Total revenue for the Top 75 accounting firms hit a record £17.7bn in 2020 as firms managed to weather the first few months of the first lockdown without reporting a hit to fee income as growth rates exceeded 5%, but profit figures were down. Philip Smith analyses the results

2020 has proved to be a financial year of two halves for the UK’s Top 75 accountancy firms. And those two halves have been far from equal as the firms grappled with the unfolding pandemic – a health and economic crisis without precedent.

This article was first published on Accountancy Daily. To read the full article, click here (paywall)

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