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Wednesday, 8th May 2024
FINANCE MAGAZINE Accountancy Survey 2008

PKF O'Connor, Leddy & Holmes

Financial year end date: 31-05-2008  

FEE INCOME

1.1 Please indicate your fee income for your practice in the Republic of Ireland for your most recent financial year: 8 € [millions]
1.2 Please indicate your fee income for your practice for all-Ireland (including Northern Ireland) for your most recent financial year: 8 € [millions]

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

Audit / Accounting 50 %
Tax 44 %
Consulting 2 %
Corporate Recovery 2 %
Corporate Finance 2 %
Other %

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

Regulatory/Compliance 90 %
Financial Services 6 %
Wealth Management 4 %
Other %
1.5 Is your firm part of an international network? Yes
What is the network's name? PKF International
1.6 How many locations do you have in Ireland? 1

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 Mark Tully 3 32 4
Tax Donal O'Leary 2 15 3
Consulting Donal O'Leary
Corporate Recovery Susan Wylie
Corporate Finance Susan Wylie
Regulatory/Compliance David Copeland
Financial Services Susan Wylie
Wealth Management Donal O'Leary
2.3 How many new partners were appointed last year? 1
2.4 How many partners are there in your firm? 5
2.5 How many male partners are there in your firm? 3
2.6 Please indicate the number of partners in the following age categories:
24-29
30-39 2
40-49 2
50-59 1
60+
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? 2%
2.9 And which country(ies) do the majority of these foreign workers come from? Various
2.10 On average how many hours do your partners work in an average week? 50
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 5 3
Non Professional Graduates
Trainees 5 3

SALARIES

3.1 At your last general salary review, by how much have you increased non-partner basic pay rates? (estimate) 15 %
3.4 What non-financial perks and benefits do you offer your employees? eg additional holidays/health insurance/gym memberships/games room etc Additional holidays

PRACTICE MANAGEMENT

4.1 What do you perceive as being the biggest threat for your industry going forward?
The downturn in the global economy 
4.2 What do you perceive as being the biggest opportunity for your industry going forward?
Insolvency and corporate recovery sections 
4.3 Are staff shortages still a major problem in the industry? No
4.4 Do you feel that the partnership model is outdated? No Opinion
4.5 Do you feel that your company has to move towards a more corporate model in managing business? No Opinion
Explain your decision:  
4.6 Do you feel the credit crisis will effect your business going forward? Yes
Explain your decision: Will put pressure on cash flow 
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