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Friday, 26th April 2024
FINANCE MAGAZINE Accountancy Survey 2008

Horwath Bastow Charleton

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: 19.2 € [millions]
1.2 Please indicate your fee income for your practice for all-Ireland (including Northern Ireland) for your most recent financial year: 19.2 € [millions]

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

Audit / Accounting 31.3 %
Tax 29.2 %
Consulting 12 %
Corporate Recovery 0.5 %
Corporate Finance 26 %
Other 1 %

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

Regulatory/Compliance 40 %
Financial Services %
Wealth Management 5 %
Other 55 %
1.5 Is your firm part of an international network? Yes
What is the network's name? Horwath International
1.6 How many locations do you have in Ireland? 2
Please give the locations? Dublin, Limerick

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 Sharon Gallen 4 70 8
Tax Andrew Whitty 5 37 8
Consulting Naoise Cosgrove 1
Corporate Recovery Brian Conroy
Corporate Finance Justin Baily 6 28 8
Regulatory/Compliance Sharon Gallen 2
Financial Services Naoise Cosgrove
Wealth Management Brian Conroy 1 3 1
2.2 Which of the above areas had the strongest revenue growth? Wealth Management
2.4 How many partners are there in your firm? 16
2.5 How many male partners are there in your firm? 14
2.6 Please indicate the number of partners in the following age categories:
24-29
30-39 8
40-49 4
50-59 3
60+ 1
2.7 What is the average age that you would expect a partner to retire? 60
2.8 How many foreign workers do you currently employ as a percentage of your total workforce? 9
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? 61-80%
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 22 9
Non Professional Graduates 11
Trainees 23 21

SALARIES

3.1 At your last general salary review, by how much have you increased non-partner basic pay rates? (estimate) 8 %
3.2 Over the next 12 months how much do you expect salary levels in the industry will change? 6 %
3.3 What percentage of non-partner remuneration do you expect to pay over the next 12 months in the form of bonuses? 10 %
3.4 What non-financial perks and benefits do you offer your employees? eg additional holidays/health insurance/gym memberships/games room etc Permanent Health Insurance & Death in service benefit

PRACTICE MANAGEMENT

4.1 What do you perceive as being the biggest threat for your industry going forward?
Decline in economic outlook 
4.2 What do you perceive as being the biggest opportunity for your industry going forward?
Wealth Management 
4.3 Are staff shortages still a major problem in the industry? No
4.4 Do you feel that the partnership model is outdated? Yes
4.5 Do you feel that your company has to move towards a more corporate model in managing business? Yes
4.6 Do you feel the credit crisis will effect your business going forward? Yes
Explain your decision: As the credit crisis continues to effect out clients\' businesses, we will increasingly feel the effect in our business. 
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