The Baker Tilly network announces today a total combined fee income of US$3.6bn for the year ended 31 December 2018, representing a year-on-year growth of 6.5%.
Global headcount has increased 3.3%, with 35,000 people working out of 746 offices worldwide.
Asia Pacific saw strong organic growth with an increase in revenues of 11%. Revenues in Africa increased by 25% following the addition of new member firms in 7 countries. In Canada, our two member firms merged to form Baker Tilly Canada, while in Europe and the United states, we saw a reduction in the number for member firms, all of which contributed to the further optimisation of and cohesion across our network.
For the first time in the network’s history, tax and advisory services exceed 50% of total revenues, reflecting the changing landscape and continued focus on value added services.
Global CEO Ted Verkade commented: "I am proud to see that our steady growth path has continued in 2018. It is our people's commitment to building great relationships, having great conversations and embracing the opportunities that tomorrow presents, that have contributed to our continuing growth.
"I am confident that the launch of our new visual identity last year, the implementation of our global audit methodology, our new internal communications platform and robust support for service lines and industries, will contribute to accelerate the growth of our member firms in the years to come."