On hand: Uncertainty has supported advisory services, even as other segments have weakened

The industry includes operators that provide advice on accounting systems and financial strategy. Major demand markets for the industry include the financial services, manufacturing and public sectors. Over the five years through 2019-20, industry revenue is estimated to decrease at a compound annual rate of 0.5%, due to factors including uncertainty from the outcome of the EU referendum, regulatory change and technological advancements.The industry began the period well, with revenue growing substantially in the base year, as business confidence rose and the economy was strengthening. However, uncertainty stemming from the EU referendum has subdued business confidence and consolidation activity...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • Performance has been volatile, but demand for advice is likely to boost current-year revenue
  • Smaller industry players are able to stay competitive with niche specialisations and many smaller clients
  • The UK’s exit from the European Union could occasion regulatory disruption, but the government is likely to remain aligned
  • Industry Report - Starting a New Business Chapter

    From a practical standpoint, the barriers to entering the Financial Management industry are relatively low. There are many small firms, often with just one or a few consultants, reflecting the fact that scale is not an essential prerequisite for successful operation and that most firms start out as small local consultancies catering to the needs of small and medium-size businesses. This, in conjunction with the industry's low capital intensity, means that start-up costs are relatively low.Access to skilled labour does not inhibit new firms from entering the industry as there are many highly skilled graduates leaving universities every year, eager to get their careers started in small-scale local financial management consultancies. The...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..

    shopping_cartPURCHASE OPTIONS

    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
  • Uncertainty brings opportunity
  • Regulatory reform
  • Technological change
  • 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 sectors
  • 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
  • Chart: Cost Structure Benchmarking – Sector vs Financial Management

  • Basis of Competition
  • Internal competition
  • External 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
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • 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.
  • Countercyclical
  • Movement in a direction that is opposite to the current cycle.
  • 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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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.

    Contact Us

    Would you like to speak to an IBISWorld representative?