Uptick in mergers sees number of accountancy firms fall
Continued consolidation has driven down the number of accountancy firms in the UK from 6,962 to 6,622, new research has revealed.
The rate of consolidation -- down 41 per cent since 2002 -- is now beginning to accelerate again following a slowdown since 2010, says LDF, an independent finance provider. A key driver of the renewed fall is the rising number of mergers among accountancy firms, as they attempt to benefit from economies of scale.
Read the full story at Accountancy Age.