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2019 Annual Review

Our business
in numbers

Our business in numbers

We’re investing in our future

Our firm’s performance this year reflects the investments we’ve made in 2019. We’ve invested in people and we’ve invested in technology. Both are essential if we are to help our clients, and their businesses, succeed.

We’ve created new solutions for clients, such as Powered Enterprise and Tax Reimagined, which see us moving to multi-year contracts with clients. And we’ve invested in our audit practice: putting even greater emphasis on quality and making sure it’s ready to deliver the audit of the future.

By investing today, we’re creating a firm that’s fit for the future.

Our business in numbers

Our firm’s performance

Select year:

2019 performance figures

£2.40 bn
Total revenue
+3 %
Increase in revenue
£307 m
Profit before tax and members’ profit shares
£640 k
Average partner distribution
£1.9 m
Chair’s remuneration

Net sales growth

+10 % Audit
+3 % Tax,
Pensions
and Legal
-2 % Consulting
+3 % Deal
Advisory


2018 performance figures

£2.34 bn
Total revenue
+8 %
Increase in revenue
£356 m*
Profit before tax and members’ profit shares
* Excluding profit of £106 million arising on disposal of 15 Canada Square
£690 k
Average partner distribution
£2.1 m
Chair’s remuneration

Net sales growth

+8 % Audit
+7 % Tax,
Pensions
and Legal
+5 % Consulting
+14 % Deal
Advisory

 

See our Member’s Report and Financial Statements

Our business in numbers

Our transformation of audit

Incremental investment in audit quality in 2019

Incremental investment in audit quality in 2019 £45m

Cumulative investment in audit quality in the three years to end-2020

Cumulative investment in audit quality in the three years to end-2020 £200m

KPMG’s market share of the FTSE 100

KPMG’s market share of the FTSE 100 25%

People survey respondents that say our commitment to quality is apparent on a daily basis

People survey respondents that say our commitment to quality is apparent on a daily basis 84% 6%

Average training for audit professionals

Average training for audit professionals 82 hours 26%

Experienced auditors hired in 2019

Experienced auditors hired in 2019 700

 

See our Transparency Report

The Audit University is not a ‘typical’ training course. All colleagues, and partners, came together to learn about ways to improve audit quality. It was great to hear so many different perspectives.”

Yasmin, Assistant Manager, Audit

Our business in numbers

Our people

This number represents the average number of FTE employees for FY19

15,864* *This number represents the average number of FTE employees for FY19 (FY18 was 14,587). The spot count as at 1st October 2019, including our Partners, was 17,607


Total number of partners as at 1 Oct 2019

Total number of partners as at 1 Oct 2019631

Number of ethics champions

Number of ethics champions113

Number of graduates and apprentices who joined this financial year

Number of graduates and apprentices who joined this financial year 1,900

We are one of The Times Top 100 Graduate Employers

We are one of The Times Top 100 Graduate Employers

Our business in numbers

Our diverse workforce

Explore the progress we’re making in creating a diverse workplace.

Representation

Gender 2019 Partner
78.5% Male
21.5% Female
81% Male
19% Female
67% Male
33% Female
69% Male
31% Female
55% Male
45% Female
57% Male
43% Female
62% Male
38% Female

*Partner, Director and Senior Manager

64% Male
36% Female

*Partner, Director and Senior Manager

48% Male
52% Female

*Manager, Assistant Manager and Assistant/Trainee

47% Male
53% Female

*Manager, Assistant Manager and Assistant/Trainee

51% Male
49% Female
52% Male
48% Female
Black, Asian & Minority Ethnic (BAME) 2019 Partner

Partner

Partner
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

Partner

Partner
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

Director

Director
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

Director

Director
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

Senior manger

Senior manger
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

Senior manger

Senior manger
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

Senior representation

Senior representation
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

*Partner, Director and Senior Manager

Senior representation

Senior representation
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

*Partner, Director and Senior Manager

Junior representation*

Junior representation
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

*Manager, Assistant Manager and Assistant/Trainee

Junior representation*

Junior representation
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

*Manager, Assistant Manager and Assistant/Trainee

Firm wide

Firm wide
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

*This is based on a response rate of 85.1%

Firm wide

Firm wide
  • Black, Asian & Minority Ethnic (BAME)
  • White
  • Not disclosed (including prefer not to say and no declaration made)

*This is based on a response rate of 85.41%

Lesbian, Gay & Bisexual 2019 Senior representation*
3% Lesbian, Gay & Bisexual

*Partner, Director and Senior Manager

3% Lesbian, Gay & Bisexual

*Partner, Director and Senior Manager

3% Lesbian, Gay & Bisexual

*Manager, Assistant Manager and Assistant/Trainee

3% Lesbian, Gay & Bisexual

*Manager, Assistant Manager and Assistant/Trainee

2.7% Lesbian, Gay & Bisexual

*This is based on a response rate of 84.57%

2.4% Lesbian, Gay & Bisexual

*This is based on a response rate of 85.09%

20% Lesbian, Gay & Bisexual
17% Lesbian, Gay & Bisexual
Disability 2019 Senior representation*
6% Disability

*Partner, Director and Senior Manager

7% Disability

*Partner, Director and Senior Manager

7% Disability

*Manager, Assistant Manager and Assistant/Trainee

6% Disability

*Manager, Assistant Manager and Assistant/Trainee

6.9% Disability

*This is based on a response rate of 84.5%

6.4% Disability

*This is based on a response rate of 84.72%

19% Disability
17% Disability
Socio-economic background 2019 Firm wide*

Firm wide

Firm wide
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Never worked or long-term unemployed
  • Prefer not to say

*This is based on a response rate of 63.18%

Firm wide

Firm wide
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Never worked or long-term unemployed
  • Prefer not to say

Senior representation

Senior representation
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Never worked or long-term unemployed
  • Prefer not to say

*Partner, Director and Senior Manager

Senior representation

Senior representation
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Never worked or long-term unemployed
  • Prefer not to say

*Partner, Director and Senior Manager

Junior representation*

Junior representation
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Never worked or long-term unemployed
  • Prefer not to say

*Manager, Assistant Manager and Assistant/Trainee

Junior representation*

Junior representation
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Never worked or long-term unemployed
  • Prefer not to say

*Manager, Assistant Manager and Assistant/Trainee

Parental occupation

Graduate

Graduate

Apprentice

Apprentice
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Long-term unemployed
  • Prefer not to say

Eligible for free school meals
Graduate, school leaver and apprentice offers accepted

12% Graduate
21% Apprentice

State educated (type of school attended)
Graduate, school leaver and apprentice offers accepted

68% Graduate
92% Apprentice

Parental occupation

Graduate

Graduate

Apprentice

Apprentice
  • Higher managerial, administrative and professional occupations
  • Intermediate occupations
  • Routine and manual occupations
  • Prefer not to say

Eligible for free school meals
Graduate, school leaver and apprentice offers accepted

11% Graduate
19% Apprentice

Type of school attended
State educated graduate, school leaver and apprentice offers accepted

66% Graduate
88% Apprentice
2022 Targets

Female representation

25% Partner
39% Director
49% Senior Manager


Black, Asian and Minority Ethnic representation

11% Partner
15% Director
22% Senior Manager


Disability representation

6.7% Firm wide


Lesbian, Gay & Bisexual representation

3% Firm wide
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KPMG is the first of the big four firms to achieve gender parity on its UK board

Experienced hires who are female 47%

The Times Top 50 Employers for Women

Stonewall Top 100 Employers 2019

Ranked 2nd in the Social Mobility Employer Index

Our business in numbers

Our remuneration and pay gaps

Gender pay gap Gender pay gap (including partners)
22.1%
 
Reduced by 5.4%
(27.5% in 2018)
Ethnicity pay gap Ethnicity pay gap (including partners)
12.6%
 
Reduced by 1%
(13.6% in 2018)

 

See our Pay Gap Report

Our business in numbers

Pay ratio

We are committed to transparency and are publishing the ratio of our Chair’s total remuneration to our average employees’ pay and benefits. We are publishing ahead of the disclosure becoming a statutory requirement. We also publish the ratio in relation to our pay quartiles, which are calculated by dividing our workforce into four evenly-sized segments based on ranking of all full-pay individuals from highest to lowest by hourly rate of pay.

37:1
Ratio of Chair’s total remuneration to employees’ median pay and benefits
56:1
25th percentile
37:1
50th percentile
24:1
75th percentile

We’re committed to paying and treating our people fairly and have robust processes and monitoring in place to ensure this. All of our partners’ and employees’ pay is based on both individual and firm performance, as well as how they demonstrate our values.”

Anna Purchas, Head of People

Our business in numbers

Our commitment to our communities

£930k Raised for the NSPCC to date

This will pay for the NSPCC's Speak out Stay safe programme to reach 186,000 primary school children, giving them the knowledge to protect themselves from abuse. It will also pay for the NSPCC’s trained volunteer counsellors to answer 93,000 children's calls for help to Childline.


Select year:

2019 community figures

Total community investment

£6.6m Total community investment - excl. discounted work

4,398
Volunteers
27%
Percentage of people involved in volunteering
67,102
Volunteering hours
1,988
Community organisations supported
30,395
Community beneficiaries


2018 community figures

Total community investment

£4.9m Total community investment - excl. discounted work

3,123
Volunteers
21%
Percentage of people involved in volunteering
48,184
Volunteering hours
1,092
Community organisations supported
20,855
Community beneficiaries

We are delighted with the volunteering, pro bono and fundraising support that KPMG has been able to offer us. The money raised is enabling us to transform childhoods throughout the UK and delivering real social impact. Thank you to all at KPMG for helping us to change children’s lives for the better.”

Jo Swinhoe, Director of Fundraising and Engagement at NSPCC

Our business in numbers

Our environmental footprint

Reduction in water consumption (litres)

14.6% Reduction in water consumption (litres)

Reduction in paper consumption (sheets)

14.7% Reduction in paper consumption (sheets)

Reduction in electricity consumption across our estate

11.8% Reduction in electricity consumption across our estate

Plastic reduction pledges made by our employees

1,054 Plastic reduction pledges made by our employees

 

See our Corporate Responsibility Report

Data analyst, Mike, leads by example. As an Environment Champion, he’s gone beyond firm-wide initiatives to remove items of single-use plastic and is nudging his colleagues to cut what they consume.

We’re doing this because we care.”

Mike, Data Analyst and Environment Champion
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