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Offices at locations around the north-west have performed well for KPMG in recent months despite tough trading conditions for the accountancy and auditing firm throughout the UK, according to reports.
Bosses praised the offices in the region for their efforts during the 12-month period to the end of September 2011, noting a three percent rise in overall revenues for activities across the north of England.
Roughly 700 people are employed by KPMG at its city centre offices in Manchester, which are among the firm’s most important regional operating bases, and they delivered growth in each of their tax related, risk consulting and corporate finance operations.
Jonathan Hurst, senior partner at KPMG’s Manchester offices, told the Manchester Evening News: “We are very pleased with our performance in an environment which was more challenging than most would have anticipated.
“Our driver has been to stand shoulder-to-shoulder with our clients through very difficult times. We continue to invest in our people and new ideas.”
As well as in Manchester, KPMG employs staff at offices in the north-west cities of Liverpool and Preston, as well as further north in Leeds and Newcastle. Hurst told the MEN that 2012 could be another difficult year for the firm, which is one of the so-called Big Four accountancy giants that dominate the industry across Britain.
Overall revenues for KPMG in the UK were worth close to £1.7 billion in the year to the end of September, with profits down five percent on an annual basis to £396 million.
The firm’s presence in Manchester is set to become considerably greater in years to come with it having recently committed to leasing 62,500 sqft of offices at a still-to-be-constructed building at One St Peter’s Square. Developers Argent and the Greater Manchester Property Venture Fund are behind the scheme that is scheduled for completion in the spring of 2014.