KPMG records 7pc growth in UK revenues

Professional services group KPMG said its UK revenues had risen by 7pc to �1.62m from the year to September 30 with turnover up in the East of England.

Overall there was strong growth in management consultancy and financial services work, but there was a 14pc fall in public sector work largely attributed to the cutbacks in government and local government spending.

Steve Muncey, office senior partner for KPMG in Cambridge and East Anglia, said: 'We are delighted with our UK performance in what has been another challenging year, and particularly pleased with the contribution that our two offices in this region have made to this growth. Both offices have been successful in securing important new clients across a range of sectors this year and have grown by more than 7pc. This is a robust performance and a strong platform for gaining more market share in 2012.

'Alongside many businesses in the region we shared the challenges of tough economic conditions in 2011 and are braced for more of the same in 2012 which will be characterised by continuing uncertainty.

'Our ambitions are particularly supported by our continuing investment in resource in critical areas such as management consulting, most notably in financial services and in the technology and food and drink sectors. As businesses pursue efficiency and performance improvement programmes and financial organisations face unprecedented levels of change in their sector, strategic advice from these growing parts of our business will be called upon by clients across the region.

'While we would all wish for more favourable trading conditions than those we are likely to get, our risk management and restructuring skills will also be highly relevant to businesses in a flat, uncertain - and looking further afield, possibly turbulent - market. So, we have a good deal to achieve and significant potential for success, in terms of meeting and exceeding client needs in 2012, building on our most creditable 2011 results.'

Mr Muncey added: 'I am really pleased to welcome 10 new graduate/school leaver trainees to our offices, particularly the students who joined our school leavers scheme locally, as they will be instrumental in helping us to drive forward our practice in the region. We stand by our belief that encouraging new talent is an integral part of our recruitment programme and is the key to the future of continued growth of our practice. '

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