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Thursday, 25th April 2024
FINANCE MAGAZINE Accountancy Survey 2008

Baker Tilly Ryan Glennon, Business Partners and Accountants

Financial year end date: 30-04-2008  

FEE INCOME

1.1 Please indicate your fee income for your practice in the Republic of Ireland for your most recent financial year: 13 € [millions]
1.2 Please indicate your fee income for your practice for all-Ireland (including Northern Ireland) for your most recent financial year: 15 € [millions]

1.3 Please give an indication (by p.c.) of the breakdown of this income:

Audit / Accounting 40 %
Tax 20 %
Consulting 14 %
Corporate Recovery 11 %
Corporate Finance 12 %
Other 3 %

1.4 Please give an indication (by %) of the breakdown of this income by sector:

Regulatory/Compliance 40 %
Financial Services 8 %
Wealth Management 2 %
Other 50 %
1.5 Is your firm part of an international network? Yes
What is the network's name? Baker Tilly International
1.6 How many locations do you have in Ireland? 3
Please give the locations? Dublin, Birr and Belfast

PARTNER AND STAFF NUMBERS

2.1 In respect of the Republic of Ireland, please indicate the following partner and staff numbers as of now in each area:
  Contact Name Partners Non-partner chargeable Support Staff
Audit / Accounting Liam Twohig 2 41 4
Tax Aidan Byrne 2 18 2
Consulting John Glennon 3 6 2
Corporate Recovery George Maloney 1 9
Corporate Finance Brian Hyland 1 4
Regulatory/Compliance Mac Dolan 1 1
Financial Services Brian Hyland 9 1
Wealth Management 2
2.3 How many new partners were appointed last year? 1
2.4 How many partners are there in your firm? 9
2.5 How many male partners are there in your firm? 7
2.6 Please indicate the number of partners in the following age categories:
24-29
30-39 1
40-49 6
50-59 2
60+
2.7 What is the average age that you would expect a partner to retire? 65
2.8 How many foreign workers do you currently employ as a percentage of your total workforce? 1
2.9 And which country(ies) do the majority of these foreign workers come from? Poland
2.10 On average how many hours do your partners work in an average week? 45
2.11 As a rough percentage, how many of these hours are chargeable? 46-60%
2.12 Approximately how many people have you recruited in the current year so far, and how many do you expect to recruit next year? (June to June)
  2007/2008 2008/2009
Professionally Qualified 18 10
Non Professional Graduates
Trainees 14 12
2.13 What proportion of your recruitment advertising is conducted:
On your company's website Frequent Use
On external jobs websites Frequent Use
In national print publications Moderate Use
In specialist print publications Not Much
2.14 What proportion of your recruitment is outsourced to recruitment agencies? 16-30%

SALARIES

3.1 At your last general salary review, by how much have you increased non-partner basic pay rates? (estimate) 5 %
3.3 What percentage of non-partner remuneration do you expect to pay over the next 12 months in the form of bonuses? 5 %
3.4 What non-financial perks and benefits do you offer your employees? eg additional holidays/health insurance/gym memberships/games room etc Phones, Health Insurance, Pension

PRACTICE MANAGEMENT

4.1 What do you perceive as being the biggest threat for your industry going forward?
The general downturn in the economy and likelihood of non-compliance work being curtailed due to this. 
4.2 What do you perceive as being the biggest opportunity for your industry going forward?
Insolvency and Business Process Improvement and working with clients to help with the downturn. 
4.3 Are staff shortages still a major problem in the industry? Yes
4.4 Do you feel that the partnership model is outdated? No
4.5 Do you feel that your company has to move towards a more corporate model in managing business? Yes
Explain your decision: Pace of change in the profession has been significant. From our perspective for a mid-tier firm to survive it must have clear strategic direction and a strong management team.  
4.6 Do you feel the credit crisis will effect your business going forward? Yes
Explain your decision: The effect of the credit crises could have an impact on working capital, receiving payments, and have cashflow implications. 
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