Guiding hand: Countercyclical services have somewhat mitigated volatility in the industry

The industry includes businesses that provide advice and guidance on financial systems and strategy. Industry revenue is expected to rise at a compound annual rate of 0.7% over the five years through 2018-19. However, industry revenue has been relatively volatile over the past five years, having been affected by fluctuating business confidence and weak business capital expenditure. The most successful year for the industry was 2014-15, as business confidence rose, supporting revenue growth of 16.1% However, business confidence has been volatile since the vote to leave the European Union, due to widespread uncertainty, which led to firms refraining from consolidation activity...read more.

Industry Statistics & Market Size
Revenue
£5bn
Annual Growth 14-19
0.7%
Forecast Growth 19-24
Profit
Employment
22,120
Businesses
9,691

Industry Threats & Opportunities

  • The industry has been extremely volatile and revenue is expected to fall in the current year
  • Many operators have focused on the value they can offer when firms are facing difficult conditions
  • The UK’s exit from the European Union is likely to support demand as firms face the new landscape
  • Industry Report - Industry Locations Chapter

    Financial management services are used by a wide variety of businesses across all sectors of the economy.As a result, the distribution of establishments tends to follow the distribution of economic activity across the United Kingdom. However, London and the South East have disproportionately high shares of industry establishments because these areas contain large numbers of head offices.LondonLondon, as a major corporate and financial centre, is the major market for financial management services. It is home to the head offices of many national and international companies. The lion’s share of financial management services tends to be provided to head offices rather than other regional establishments. In ...purchase to read more.

    Additional Insights for the Financial Management Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Financial Management Industry are

  • Ability to effectively communicate and negotiate
  • Access to highly skilled workforce
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Business capital expenditure and Business confidence index in the Financial Management industry impact industry performance..

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    What's in this report

    What is the Financial Management Industry?

    Operators in the Financial Management industry provide advice, guidance and operational assistance to businesses and public-sector organisations on issues such as accounting system design, financial risk management, budgetary control procedures, cost-reduction strategies, compensation and other financial issues. The industry excludes the design of accounting systems software (see IBISWorld report J62.010) and accounting and auditing services (see IBISWorld report M69.201).

    Industry Products
  • Accounting system design
  • Financial control strategy
  • Cash flow and cost-management strategy
  • Financing and investment strategy
  • Industry Activities
  • Designing accounting systems
  • Advising on financial control procedures
  • Advising on cost and cash flow management
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business capital expenditure
  • Business confidence index
  • FTSE 100
  • Mergers and acquisitions involving UK companies
  • Government capital expenditure

  • Current Performance
  • Industry volatility
  • Benefits of uncertainty
  • Regulatory change
  • Technological advancements
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand strengthens
  • Complicated divorce
  • Technological change
  • New alliances
  • Table: Financial Management Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Financial Management Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Software Publishing

  • Key Selling Industries
  • Renting and Operating of Own or Leased Real Estate
  • Temporary-Employment Placement Agencies

  • Products & Services
  • Accounting system design
  • Financial control strategy
  • Cash flow and cost-management strategy
  • Financing and investment strategy
  • Chart: Financial Management Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Financial services sector
  • Manufacturing sector
  • Public sector
  • Other
  • Science and technology sector
  • Construction and transportation sector
  • Resources and energy sector
  • Chart: Major Market Segmentation for the Financial Management Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesSubcontracted labourOther
  • Chart: Cost Structure Benchmarking – Sector vs Financial Management

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Financial Management Industry

  • Industry Globalization
    PricewaterhouseCoopers LLP, KPMG LLP, Deloitte LLP, Accenture (UK) Ltd,
  • Table: PricewaterhouseCoopers LLP - financial performance
  • Table: KPMG LLP - financial performance
  • Table: Deloitte LLP - financial performance
  • Table: Accenture (UK) Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Financial Management Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Financial Management Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cash Flow Management
  • The process of monitoring, analysing and adjusting a business's cash flows.
  • Restructuring
  • Modifications to a business that can provide improvements to cash flow, profit and the corporate balance sheet.
  • Sarbanes-Oxley Act
  • US legislation that addresses conflicts of interest in cases where an accounting firm both audits and provides consulting services to the same client.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Financial Management market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Financial Management:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Financial Management market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Financial Management, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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