PrimeGlobal reports a 20% growth rate
PrimeGlobal NewsFebruary 22, 2017
In its January issue, International Accounting Bulletin (IAB) released the results of the 2016 World Survey. The World Survey has once again confirmed PrimeGlobal as one of the world’s top 5 international associations, with global member firms’ revenues of USD2.1B. With nearly 20% growth in member firm fee income, PrimeGlobal’s growth this year is higher than that of any other Top 10 Networks or Associations worldwide. This includes having better growth than any of the Final 4, BDO or Grant Thornton. PrimeGlobal remains the fourth largest association in the world.
In the North America region alone, the IAB reports 24% growth, and a total member firm income of USD1.2B, as well as a steady 4th place. The 7 new 2016 member firms in the US account for USD155M in net revenue with the balance of the 24% growth attributable to veteran firms strategically growing practice areas such as international and consulting.
PrimeGlobal and IAB report significant growth in the Association’s Europe, Middle East & Africa Region (EMEA), with a 17% growth and the 3rd regional position. The EMEA region has performed particularly well in the Netherlands, taking the 1st position, coming 2nd in the Nordics and France, and 3rd in the UK, with significant national growth. The EMEA region is expected to grow even further in 2017, after 8 new French member firms with a joint member firm fee income of €100M joined at the beginning of the year.
The Latin America and the Caribbean (LAC) region also performed well, with the 6th regional position, and some impressive growth in countries such as Argentina (72%) and Mexico (50%).
The IAB reports growth in the Asia Pacific (AP) region as well, with an 8th regional position. The AP region is expecting further growth in 2017, with significant additions in Australia and Japan.
2016 was another year of success for PrimeGlobal, with significant growth and the addition of major member firms across all regions. In 2017, PrimeGlobal plans to expand its membership base further in key locations, remaining committed to delivering quality benefits to its members.
PrimeGlobal’s CEO, Kevin Mead, said: “This is really a result of two related factors: Our members are effectively executing their own strategic plans leading to strong organic growth. Other firms see that, and want to be a part of an association of dynamic growing firms. “
PrimeGlobal is among the top five associations of independent accounting firms in the world, comprised of over 300 highly successful independent public accounting firms in over 80 countries. It provides independent member firms with tools and resources to help them furnish superior accounting, auditing, tax and management services to clients around the globe. Through PrimeGlobal, independent member firms offer the strength and capabilities of a large, worldwide organization with technical depth and geographic reach impossible for a local firm alone.
For more information about PrimeGlobal and the services it offers its independent member firms and their clients, visit the PrimeGlobal website at primeglobal.net.