Fact Service (September 2013)

Issue 38

More City fat cat consultants

The average profit (pay) of members of two financial consultant firms fell last year, their latest accounts show.

At Deloitte, the average profit dipped to £772,000 in the year ending May 2013 from £789,000 the year before. Senior partner and chief executive David Sproul got the largest chunk of profits with £2.7 million in 2013 against £2.8 million in 2012.

Accounts filed at Companies House for KPMG show John Griffith-Jones, who retired as senior partner in July 2012, received £3.13 million in the financial year ending September 2012. His “normal remuneration” was £1.97 million, but he also received £1.16 million under the firm’s retirement provisions.

The average profit of members was down to £568,000 from £682,000. Nevertheless, £568,000 equates to the not insubstantial sum of £10,923 a week.

www.deloitte.com/view/en_GB/uk/about/annual-reports/


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