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Audit fee increases, firm by firm

Across 14,229 UK companies with two years of audit fees on file, the median rise was 5.0%. 20.0% saw a rise above 20%. Firm by firm, from +10.6% to 0.0%.

+5.0%median change, 14,229 companies
20.0%rose by more than 20%
36.9%within ±5%
15.1%paid less than the year before

By firm

Firms with fifty or more clients carrying two years of fees. The median change is the middle client, so one large re-scoping does not move it.

Median year-on-year fee change by firm

Price Bailey LLP+10.6%Pierce C A Limited+9.8%Armstrong Watson Audit Limited+8.0%Menzies LLP+6.7%Mitchell Charlesworth (Audit)…+6.5%Ensors+6.4%Shaw Gibbs (Audit) Limited+6.3%Azets Audit Services+6.1%PKF Smith Cooper Audit Limited+6.1%Rickard Luckin Limited+6.1%DJH Audit Limited+5.9%Mercer & Hole LLP+5.6%Sumer Audit+5.5%WR Partners+5.4%Duncan & Toplis Audit Limited+5.3%Sumer Auditco Limited+5.2%UHY Hacker Young+5.2%Xeinadin Audit Limited+5.1%Johnston Carmichael LLP+5.1%Bishop Fleming Audit Limited+5.1%Ormerod Rutter Limited+5.1%Moore Kingston Smith LLP+5.0%Cooper Parry Group Limited+5.0%BHP LLP+5.0%James Cowper Kreston Audit+5.0%BKL Audit LLP+5.0%M Solutions for Business LLP+5.0%Brebners+5.0%Hazlewoods LLP+4.9%Streets Audit LLP+4.8%JS. Audit Limited+4.8%Saffery LLP+4.7%TC Group+4.7%Hurst Accountants Limited+4.6%KLSA LLP+4.6%Blick Rothenberg Audit LLP+4.5%Robson Laidler Accountants Li…+4.5%Forvis Mazars LLP+4.1%Champion Accountants LLP+4.0%Infrastructure Managers Limit…+4.0%BK Plus Audit Limited+3.9%Gravita Audit II Limited+3.3%HW Fisher Audit+2.5%Barnes Roffe Audit Limited+1.0%Buzzacott Audit LLP0.0%
FirmTierClients with two yearsMedian changeRose over 20%
Price Bailey LLPChallenger firm64+10.6%28.1%
Pierce C A LimitedIndependent firm51+9.8%21.6%
Armstrong Watson Audit LimitedChallenger firm65+8.0%23.1%
Menzies LLPChallenger firm196+6.7%18.4%
Mitchell Charlesworth (Audit) LimitedIndependent firm72+6.5%16.7%
EnsorsChallenger firm80+6.4%21.3%
Shaw Gibbs (Audit) LimitedIndependent firm94+6.3%22.3%
Azets Audit ServicesChallenger firm793+6.1%20.3%
PKF Smith Cooper Audit LimitedChallenger firm50+6.1%18.0%
Rickard Luckin LimitedIndependent firm54+6.1%25.9%
DJH Audit LimitedIndependent firm154+5.9%26.6%
Mercer & Hole LLPIndependent firm65+5.6%18.5%
Sumer AuditChallenger firm88+5.5%20.5%
WR PartnersIndependent firm70+5.4%14.3%
Duncan & Toplis Audit LimitedIndependent firm69+5.3%13.0%
Sumer Auditco LimitedChallenger firm392+5.2%25.3%
UHY Hacker YoungChallenger firm112+5.2%17.9%
Xeinadin Audit LimitedChallenger firm310+5.1%25.5%
Johnston Carmichael LLPChallenger firm103+5.1%21.4%
Bishop Fleming Audit LimitedChallenger firm64+5.1%20.3%
Ormerod Rutter LimitedIndependent firm54+5.1%16.7%
Moore Kingston Smith LLPChallenger firm270+5.0%19.6%
Cooper Parry Group LimitedChallenger firm99+5.0%19.2%
BHP LLPIndependent firm112+5.0%19.6%
James Cowper Kreston AuditChallenger firm85+5.0%14.1%
BKL Audit LLPIndependent firm79+5.0%21.5%
M Solutions for Business LLPIndependent firm81+5.0%9.9%
BrebnersIndependent firm53+5.0%7.5%
Hazlewoods LLPChallenger firm137+4.9%14.6%
Streets Audit LLPIndependent firm64+4.8%29.7%
JS. Audit LimitedIndependent firm53+4.8%20.8%
Saffery LLPChallenger firm270+4.7%22.2%
TC GroupIndependent firm220+4.7%20.0%
Hurst Accountants LimitedIndependent firm165+4.6%15.2%
KLSA LLPIndependent firm58+4.6%22.4%
Blick Rothenberg Audit LLPChallenger firm81+4.5%22.2%
Robson Laidler Accountants LimitedIndependent firm57+4.5%17.5%
Forvis Mazars LLPChallenger firm154+4.1%11.7%
Champion Accountants LLPIndependent firm52+4.0%32.7%
Infrastructure Managers LimitedIndependent firm52+4.0%5.8%
BK Plus Audit LimitedIndependent firm102+3.9%13.7%
Gravita Audit II LimitedIndependent firm117+3.3%15.4%
HW Fisher AuditChallenger firm59+2.5%28.8%
Barnes Roffe Audit LimitedChallenger firm153+1.0%17.0%
Buzzacott Audit LLPChallenger firm780.0%5.1%

Questions people ask

How much do audit fees go up each year?

The median year-on-year change across 14,229 UK companies is +5.0%. 20.0% of companies saw a rise of more than 20%, 27.9% a rise of 5–20%, 36.9% stayed within ±5%, and 15.1% paid less than the year before.

Which audit firms raised fees the most?

Price Bailey LLP +10.6%, Pierce C A Limited +9.8%, Armstrong Watson Audit Limited +8.0%, Menzies LLP +6.7%, Mitchell Charlesworth (Audit) Limited +6.5%, measured as the median change across their clients with two years on file.

Can an audit fee go down?

15.1% of companies paid at least 5% less than the year before, usually after a tender or a renegotiation.

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