KPMG LLP in the United Kingdom is a leading professional services firm with a strong focus on the financial services sector. They provide a wide range of services to clients in the UK, including audit, tax, and advisory services.
Their expertise in financial services is well-established, with a deep understanding of the complex regulatory environment and market trends. KPMG LLP has a strong track record of helping clients navigate these challenges and achieve their business goals.
KPMG LLP has a large team of experts in the UK, with many years of experience in the financial services sector. They are well-equipped to provide clients with tailored advice and support.
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KPMG Services
KPMG offers a range of services to help businesses grow and thrive, including audit and assurance, tax, and advisory services.
Their audit and assurance services provide independent and objective assurance to their clients, helping them to build trust with their stakeholders.
KPMG's tax services help businesses navigate complex tax laws and regulations, ensuring they are compliant and taking advantage of available tax incentives.
Their advisory services provide strategic guidance to businesses, helping them to make informed decisions and achieve their goals.
KPMG's services are tailored to meet the unique needs of each business, from small startups to large corporations.
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Regulatory Matters
KPMG LLP in the UK has a strong focus on regulatory compliance, helping clients navigate an ever-expanding regulatory regime.
Their Digital Gateway tool can be utilised to collate and manage data across various regimes, including foreign subsidies, merger control, foreign investment, and CSRD.
Clients can use the received and organised data for reporting, analysis of filing requirements, and sharing with third parties and other advisers.
KPMG LLP is part of KPMG LLP, a multi-disciplinary practice authorised and regulated by the Solicitors Regulation Authority.
Their specialist regulatory teams can support with the interpretation and collation of data and the filing processes as part of an advisory or managed service.
Business Performance
KPMG UK's revenue growth was strong, increasing by 9 per cent to £2.96 billion. This growth is a result of increased client demand for advice on tax transformation and the use of Generative AI.
The firm's tax and legal business saw an 8 per cent increase in net sales, driven by client demand for tax transformation and Generative AI advice. KPMG's consulting arm also recorded a 7 per cent increase in sales, driven by client requests for advice on transformation projects, including digitisation.
KPMG's audit practice grew 19 per cent, driven by expanded reporting requirements.
Financial Services
In the fast-paced world of business, staying ahead of regulatory changes is crucial. Regulatory change can have a significant impact on your financial services operations.
Cost management is also a top priority for financial services companies. We've seen firsthand how effective cost management can lead to increased profitability.
Emerging technologies like AI and blockchain are transforming the financial services landscape. These innovations can help streamline processes and improve customer experiences.
By embracing these changes, financial services companies can stay competitive and thrive in a rapidly evolving market.
Finance Firm Sees Revenue Growth
KPMG UK recorded a strong revenue growth of 9 per cent to £2.96 billion.
This growth is a testament to the firm's ability to adapt to changing client needs.
Nationally, KPMG in the UK saw a 9 per cent increase in revenue from £2.72bn to £2.96bn.
The firm's tax and legal business experienced an 8 per cent increase in net sales due to increased client demand for advice on tax transformation and the use of Generative AI.
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KPMG's consulting arm also saw a 7 per cent increase in sales, driven by clients seeking advice on transformation projects including digitisation.
The firm's audit practice grew 19 per cent, driven by expanded reporting requirements.
Despite a challenging economic backdrop, KPMG's people worked exceptionally hard to deliver strong revenue growth.
Jon Holt, chief executive and senior partner of KPMG in the UK, is confident in the firm's long-term strategy, which is delivering sustainable growth.
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Frequently Asked Questions
What does KPMG do in the UK?
KPMG in the UK offers audit, tax, and advisory services to help businesses succeed. From financial guidance to strategic advice, KPMG provides expert support to achieve goals.
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