KPMG profits soar
KPMG recorded its most successful year in 2004/5, with a 21 per cent increase in operating profit to £305 million.
Its strongest performer was Risk Advisory Services ' KPMG's consulting arm ' which saw profits leap by 48 per cent in the year ending September 30, 2005.
Other key results were:
' Turnover for 2005 up 20 percent to £1,281 million (2004: £1,071 million)
' Top-line growth across Audit, Tax and Advisory
Mike Rake, chairman of KPMG International and UK senior partner, said: 'In many ways, 2005 was the most successful year in the history of the UK firm.