International accounting network Moore Global has reported record revenues for 2024, marking its fourth consecutive year of double-digit growth, driven by increased private equity backing for its client companies and the rise of artificial intelligence in financial services, according to a report by The Times.
“There’s no question that the injection of investment from private equity into our biggest firms is a growth accelerator, and we’re just in the foothills of that,” said Anton Colella, Moore Global’s Chief Executive. “The cultural change that [private equity] has brought is greater ambition, greater desire to diversify, and an ability to invest in new services and technology.”
Moore Global, which traces its roots to a small London-based accounting firm founded in 1907, now operates across 110 countries with 34,000 employees. Unlike the Big Four, Moore focuses on mid-market businesses rather than large public companies, an area increasingly drawing interest from private equity firms seeking industry consolidation and AI-driven efficiencies.
The firm’s latest financial results highlight its momentum, with revenue from accounting services, including bookkeeping and payroll, having surged 29% to $683.4m, while tax-related revenue climbed 25% to $1.74bn. Advisory services grew 15% to $910.8m, although, mirroring broader industry trends, revenue from audit and assurance dipped slightly by 1% to $1.6bn.
