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Bookkeeping in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Bookkeeping Market Research Report | SIC M69.202 | Apr 2017

Off balance: Revenue is expected to fall in 2016-17, but strong earlier expansion has supported overall growth

The Bookkeeping market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
8.1%
Annual Growth 17-22
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Profit
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Employment
30,481
Businesses
3,719
Industry Analysis & Industry Trends

Firms in the Bookkeeping industry record commercial transactions on behalf of companies and other organisations. Small and medium-size firms are the most important market for the industry, accounting for over 50% of revenue. Over the five years through 2016-17, generally improving economic conditions following the downturn of the previous period led to an increasing number of firms operating in the United Kingdom. This led to an expanding potential client base for industry operators. Additionally, average levels of business profit in the United Kingdom have also been on the rise, encouraging more firms to outsource back-office activities... purchase to read more

Industry Report - Industry Analysis Chapter

The Bookkeeping industry caters to businesses that prefer to outsource labour-intensive back-office activities and focus on their core activities. Industry revenue is estimated to increase at a compound annual rate of 8.1% over the five years through 2016-17, to reach £2.5 billion. Rising numbers of businesses operating in the United Kingdom, combined with generally improving business profit has both expanded the industry’s client base and encouraged more firms to outsource back-office activities. The industry performed particularly well prior to and at the beginning of the period, and recorded revenue growth of over 20% in both 2011-12 and 2012-13. However, performance is expected to have dipped during the latter years of the period, and in 2015-16 revenue fell by 4.2%. Thi.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Bookkeeping Industry?

Firms in the Bookkeeping industry record commercial transactions for businesses and other organisations for the purpose of record keeping and accounting. The industry does not include the provision of management consultancy or accounting services.

Industry Products
Maintaining transaction recordsProducing financial reportsPerforming reconciliationsOnline bookkeeping and cloud accounting
 
Industry Activities
Maintaining daybooksMaintaining petty cash booksKeeping journalsMaintaining ledgersChasing debt and credit controlCalculating quarterly VAT returns


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