BDO adds five FTSE 250 clients in one quarter † Crowe adds ......Plexus Holdings PLC Polarean...

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AUDITORS 5 Corporate Advisers Rankings Guide • BDO adds five FTSE 250 clients in one quarter • Crowe adds the most AIM clients • KPMG up into second place in the FTSE 250 client market-cap rankings BDO was the only auditor amongst those holding down the top six to improve its client count from the previous quarter. PricewaterhouseCoopers (PwC) retains a clear advantage over the field by overall client numbers and their representative market worth, while RSM, PKF Littlejohn and Crowe managed to improve on their respective numbers but were unable to register any positional progress. Not so, Jeffreys Henry, Nexia Smith & Williamson and UHY Hacker Young; all of which were edging up through the mid- tier rankings. Cooper Parry Group also made gains on the previous quarter, settling into a share of 22nd in a table which also now features Johnston Carmichael on the back of new mandates from Blue Planet Investment Trust and SVM UK Emerging Fund. FTSE 100 You might think that the dominance of the ‘big four’ audit firms serving the FTSE 100 would be coming under pressure due to a combination of investor disquiet and related regulatory pressure. Figures from the quarter show this has yet to play-out, with the sole change an appointment for third placed Deloitte by Just Eat Takeaway.com N.V. KPMG did move into second place at the expense of Deloitte by aggregate client market-cap. However, it is hard not to conclude it remains a closed shop as we move into the main full-year reporting season for the year. FTSE 250 The quarter belongs to BDO, at least within the ranks of the FTSE 250 constituents. A succession of client wins, including those for Hyve Group, AJ Bell and Galliford Try, nearly doubled the auditor’s index count from the previous quarter, though the usual suspects still enjoy a sizeable advantage over competitors. PwC added a couple of investment trusts to its roster, though its net catchment was down on the previous quarter. KPMG mirrored their success in the FTSE 100 client market-cap rankings by displacing Deloitte to take second place to PwC. Small-Cap/Fledgling The podium places were unmoved in the Small-Cap/Fledgling rankings. However, EY narrowed the gap on sector leader PwC through a new mandate from JPMorgan Global Growth & Income. BDO also managed to boost its client numbers via new arrangements with Trifast and Henderson EuroTrust. RSM takes sole seventh place after a minor gain, and there were debuts at the foot of the table for Haysmacintyre and Johnston Carmichael. Total AIM The leading positions within our AIM rankings were untroubled with BDO leading the way from PwC and Grant Thornton. RSM was handed audit duties for genedrive over the period but was unable to improve on fifth place. Crowe registered several gains through the quarter, including Hornby and Nu-Oil and Gas, moving the adviser up into outright seventh place. Constituent numbers were also on the rise for Nexia Smith & Williamson and Jeffreys Henry, while both Cooper Parry Group and Shipleys made headway in the lower half of the table. Sectors BDO stretched its advantage at the head of the Basic Materials rankings via a new mandate for MJ Hudson Group. PKF Littlejohn remains in fifth place despite a minor increase, and both Mazars and UHY Hacker Young were on the rise in the tail-end of proceedings. Nexia Smith & Williamson has been brought into act for eve Sleep within the Consumer Discretionary & Consumer Staples rankings, marking it as the only auditor to register a net increase in its roster through the quarter. Crowe joins the fray in a share of 10th place following its appointment by Barkby Group. Deloitte has taken third place from PwC in the Energy rankings, albeit as the result of a pull-back in constituent numbers for the latter auditor. Crowe benefitted from the Nu-Oil and Gas appointment, while PKF Littlejohn remains in eighth place despite improved numbers. Bentleys debuted in a share of 12th place after it was brought in to act for Global Petroleum Ltd. More of the same in the Financials & Real Estate rankings with EY supplanting KPMG in second place after a fall-away in constituent numbers for the latter adviser. Relative standings aside, BDO was the chief beneficiary, adding half-a-dozen constituents to its client roster, including JPMorgan Emerging Markets, Zaim Credit Systems and JPMorgan Chinese Investment Trust. Grant Thornton and Jeffreys Henry registered minor gains, while Johnston Carmichael doubled its numbers in the sector via new arrangements with Blue Planet Investment Trust and SVM UK Emerging Fund. A relatively subdued affair in the Health Care sector. However, Crowe now handle audit duties for Iconic Labs and move up to sole ninth place, and registered the only net gain this quarter. RSM got the nod from genedrive, but their client count remained stable. In the Industrials sector, the podium positions remain the same, with PwC leading the way from KPMG and Deloitte. RSM was unmoved in the mid-table rankings following its appointment by Clipper Logistics. There were debuts through the quarter for both Jeffreys Henry and Price Bailey following respective appointments by Windar Photonics and Feedback. Grant Thornton has relinquished its lead in the Technology sector to KPMG after the former adviser leaked a handful of constituents during the quarter. BDO edged up into the silver medal position, but Nexia Smith & Williamson produced the most noteworthy performance by doubling its constituent count, while moving off the bottom of the table into joint 10th place. Meanwhile, PwC has been awarded audit duties for AIM 100 constituent IMImobile, while Cooper Parry has secured another Technology mandate in the form of Trakm8 Holdings. Total Market

Transcript of BDO adds five FTSE 250 clients in one quarter † Crowe adds ......Plexus Holdings PLC Polarean...

AUDITORS

5Corporate Advisers Rankings Guide

• BDO adds five FTSE 250 clients in one quarter

• Crowe adds the most AIM clients

• KPMG up into second place in the FTSE 250 client market-cap rankings

BDO was the only auditor amongst those holding down the top six to improve its client count from the previous quarter. PricewaterhouseCoopers (PwC) retains a clear advantage over the fi eld by overall client numbers and their representative market worth, while RSM, PKF Littlejohn and Crowe managed to improve on their respective numbers but were unable to register any positional progress. Not so, Jeff reys Henry, Nexia Smith & Williamson and UHY Hacker Young; all of which were edging up through the mid-tier rankings. Cooper Parry Group also made gains on the previous quarter, settling into a share of 22nd in a table which also now features Johnston Carmichael on the back of new mandates from Blue Planet Investment Trust and SVM UK Emerging Fund.

FTSE 100

You might think that the dominance of the ‘big four’ audit fi rms serving the FTSE 100 would be coming under pressure due to a combination of investor disquiet and related regulatory pressure. Figures from the quarter show this has yet to play-out, with the sole change an appointment for third placed Deloitte by Just Eat Takeaway.com N.V. KPMG did move into second place at the expense of Deloitte by aggregate client market-cap. However, it is hard not to conclude it remains a closed shop as we move into the main full-year reporting season for the year.

FTSE 250

The quarter belongs to BDO, at least within the ranks of the FTSE 250 constituents. A succession of client wins, including those for Hyve Group, AJ Bell and Galliford Try, nearly doubled the auditor’s index count from the previous quarter, though the usual suspects still enjoy a sizeable advantage over competitors. PwC added a couple of investment trusts to its roster, though its net catchment was down on the previous quarter. KPMG mirrored their success in the FTSE 100 client market-cap rankings by displacing Deloitte to take second place to PwC.

Small-Cap/Fledgling

The podium places were unmoved in the Small-Cap/Fledgling rankings. However, EY narrowed the gap on sector leader PwC through a new mandate from JPMorgan Global Growth & Income. BDO also managed to boost its client numbers via new arrangements with Trifast and Henderson EuroTrust. RSM takes sole seventh place after a minor gain, and there were debuts at the foot of the table for Haysmacintyre and Johnston Carmichael.

Total AIM

The leading positions within our AIM rankings were untroubled with BDO leading the way from PwC and Grant Thornton. RSM was handed audit duties for genedrive over the period but was unable to improve on fi fth place. Crowe registered several gains through the quarter, including Hornby and Nu-Oil and Gas, moving the adviser up into outright seventh place. Constituent numbers were also on the rise for Nexia Smith & Williamson and Jeff reys Henry, while both

Cooper Parry Group and Shipleys made headway in the lower half of the table.

Sectors

BDO stretched its advantage at the head of the Basic Materials rankings via a new mandate for MJ Hudson Group. PKF Littlejohn remains in fi fth place despite a minor increase, and both Mazars and UHY Hacker Young were on the rise in the tail-end of proceedings.

Nexia Smith & Williamson has been brought into act for eve Sleep within the Consumer Discretionary & Consumer Staples rankings, marking it as the only auditor to register a net increase in its roster through the quarter. Crowe joins the fray in a share of 10th place following its appointment by Barkby Group.

Deloitte has taken third place from PwC in the Energy rankings, albeit as the result of a pull-back in constituent numbers for the latter auditor. Crowe benefi tted from the Nu-Oil and Gas appointment, while PKF Littlejohn remains in eighth place despite improved numbers. Bentleys debuted in a share of 12th place after it was brought in to act for Global Petroleum Ltd.

More of the same in the Financials & Real Estate rankings with EY supplanting KPMG in second place after a fall-away in constituent numbers for the latter adviser. Relative standings aside, BDO was the chief benefi ciary, adding half-a-dozen constituents to its client roster, including JPMorgan Emerging Markets, Zaim Credit Systems and JPMorgan Chinese Investment Trust. Grant Thornton and Jeff reys Henry registered minor gains, while Johnston Carmichael doubled its numbers in the sector via new arrangements with Blue Planet Investment Trust and SVM UK Emerging Fund.

A relatively subdued aff air in the Health Care sector. However, Crowe now handle audit duties for Iconic Labs and move up to sole ninth place, and registered the only net gain this quarter. RSM got the nod from genedrive, but their client count remained stable.

In the Industrials sector, the podium positions remain the same, with PwC leading the way from KPMG and Deloitte. RSM was unmoved in the mid-table rankings following its appointment by Clipper Logistics. There were debuts through the quarter for both Jeff reys Henry and Price Bailey following respective appointments by Windar Photonics and Feedback.

Grant Thornton has relinquished its lead in the Technology sector to KPMG after the former adviser leaked a handful of constituents during the quarter. BDO edged up into the silver medal position, but Nexia Smith & Williamson produced the most noteworthy performance by doubling its constituent count, while moving off the bottom of the table into joint 10th place. Meanwhile, PwC has been awarded audit duties for AIM 100 constituent IMImobile, while Cooper Parry has secured another Technology mandate in the form of Trakm8 Holdings.

Total Market

AUDITORS

6 Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 336 (353)

2 (2) - KPMG 299 (312)

3 (3) - BDO 281 (274)

4 (4) - EY 236 (242)

5 (5) - DELOITTE 220 (225)

6 (6) - GRANT THORNTON UK 122 (130)

7 (7) - RSM 71 (69)

8 (8) - PKF LITTLEJOHN 63 (61)

9 (9) - CROWE 61 (57)

10 (11) ▲ JEFFREYS HENRY 26 (24)

10 (10) - MAZARS 26 (25)

10 (11) ▲ NEXIA SMITH & WILLIAMSON 26 (24)

13 (14) ▲ UHY HACKER YOUNG 20 (19)

14 (13) ▼ HAYSMACINTYRE 19 (20)

15 (15) - CHAPMAN DAVIS 16 (16)

16 (16) - HAZLEWOODS 8 (8)

17 (17) - SHIPLEYS 7 (7)

18 (18) - JAMES COWPER KRESTON 6 (6)

18 (18) - MHA MACINTYRE HUDSON 6 (6)

18 (18) - MOORE KINGSTON SMITH 6 (6)

18 (18) - SAFFERY CHAMPNESS 6 (6)

22 (18) ▼ BAKER TILLY CI AUDIT 5 (6)

22 (24) ▲ COOPER PARRY GROUP 5 (4)

22 - ▲ JOHNSTON CARMICHAEL 5 -

22 (23) ▲ MOORE STEPHENS UK 5 (5)

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) PRICEWATERHOUSECOOPERS 1,602,446 (1,668,058)

2 (2) KPMG 990,405 (986,699)

3 (3) DELOITTE 911,553 (931,400)

4 (4) EY 777,660 (800,996)

5 (5) GRANT THORNTON UK 85,411 (116,099)

6 (6) BDO 46,237 (39,485)

7 (7) RSM 9,988 (8,430)

8 (8) CROWE 3,232 (2,978)

9 (9) MAZARS 2,247 (2,052)

10 (10) PKF LITTLEJOHN 1,215 (1,311)

11 (12) NEXIA SMITH & WILLIAMSON 919 (790)

12 (11) MHA MACINTYRE HUDSON 908 (829)

13 (13) JEFFREYS HENRY 616 (520)

14 (14) HAYSMACINTYRE 553 (406)

15 (15) BSG VALENTINE 473 (401)

16 (16) UHY HACKER YOUNG 372 (379)

17 (20) JAMES COWPER KRESTON 272 (244)

18 (21) CHAPMAN DAVIS 264 (241)

19 (22) JOHNSTON CARMICHAEL 260 (213)

20 (26) RMT ACCOUNTANTS & BUSINESS ADVISORS 245 (156)

21 (23) SAFFERY CHAMPNESS 198 (208)

22 (24) BRIGHTMAN ALMAGOR ZOHAR & CO. 189 (188)

23 (25) M. J. ABEDIN & CO CHARTERED ACCOUNTANTS 172 (162)

24 - BEGBIES CHETTLE AGAR 171 -

25 - WHITLEY PENN 151 -

A-ZTotal number of Stock Market clients Total Market Cap of Stock Market clients (£M)

ADLER SHINE LLP Aston House Cornwall Avenue London N3 1LF T: +44 (0)20 8371 3000

BAKER TILLY CI AUDIT LIMITED Mont Crevelt House Bulwer Avenue St Sampson Guernsey T: +44 (0)1481 245 244

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

BEGBIES CHETTLE AGAR 9 Bonhill Street London EC2A 4DJ T: +44 (0)20 7628 5801

BSG VALENTINE Lynton House 7-12 Tavistock Square London WC1H 9BQ T: +44 (0)20 7393 1111

CAMPBELL DALLAS AUDIT SERVICES Titanium 1 King's Inch Place Glasgow G51 4BP T: +44 (0)141 886 6644

CARTER BACKER WINTER LLP 66 Prescot Street London E1 8NN T: +44 (0)20 7309 3800

CHAPMAN DAVIS LLP 2 Chapel Court Borough High Street London SE1 1HH T: +44 (0)20 7357 6008

COOPER PARRY GROUP LTD Sky View Argosy Road East Midlands Airport Derby DE74 2SA T: +44 (0)1332 411 163

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

AB Dynamics PLC Adamas Finance Asia Ltd AdEPT Technology Group PLC Anglo African Oil & Gas PLC Angus Energy PLC Aquila Services Group PLC Aseana Properties Ltd Barkby Group (The) PLC Bermele PLC Blencowe Resources PLC Cardiff Property (The) PLC CentralNic Group PLC Challenger Acquisitions Ltd Contango Holdings PLC Curzon Energy PLC daVictus PLC Destiny Pharma PLC Diversifi ed Gas & Oil PLC DP Poland PLC Echo Energy PLC Escape Hunt PLC Filta Group Holdings PLC Fragrant Prosperity Holdings Ltd Grand Fortune High Grade Ltd Hardy Oil & Gas PLC Hornby PLC Iconic Labs PLC Jangada Mines PLC Jarvis Securities PLC

Katoro Gold PLC Kibo Energy PLC Learning Technologies Group PLC Malvern International PLC MENA Land PLC Metal Tiger PLC National World PLC Nu-Oil and Gas PLC Orient Telecoms PLC Pelatro PLC Pennpetro Energy PLC Phoenix Copper Ltd PHSC PLC PipeHawk PLC Plexus Holdings PLC Polarean Imaging PLC Prime People PLC Quadrise Fuels International PLC RDL Realisation PLC Sound Energy PLC Sunrise Resources PLC Tavistock Investments PLC Tertiary Minerals PLC TruFin PLC UAE Oil Services PLC Upland Resources Ltd Vast Resources PLC Verditek PLC Vertu Capital Ltd Water Intelligence PLC Xpediator PLC Xplorer PLC

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

AUDITORS

7Corporate Advisers Rankings Guide

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Abal Group PLC Aberdeen Frontier Markets Investment Co. Ltd ADVFN PLC AFC Energy PLC Allergy Therapeutics PLC Allianz Technology Trust PLC Alternative Liquidity Fund Ltd Altitude Group PLC Amino Technologies PLC Amryt Pharma PLC Andrews Sykes Group PLC AorTech International PLC Aptitude Software Group PLC Ashley House PLC Aurora Investment Trust PLC Avingtrans PLC Avocet Mining PLC Beeks Financial Cloud Group PLC Billington Holdings PLC Biome Technologies PLC Brave Bison Group PLC Cambridge Cognition Holdings PLC CareTech Holdings PLC Ceiba Investments Ltd Chamberlin PLC Checkit PLC City Pub Group (The) PLC Codemasters Group Holdings PLC Concurrent Technologies PLC Dods Group PLC Downing Strategic Micro-Cap Inv. Trust PLC Ediston Property Investment Company PLC Elecosoft PLC Enteq Upstream PLC EQTEC PLC Ethernity Networks Ltd Eurasia Mining PLC EverArc Holdings Ltd Flowtech Fluidpower PLC Fuller, Smith & Turner PLC Gateley (Holdings) PLC Gazprom PJSC GETECH Group PLC GlobalData PLC Henderson Alternative Strategies Trust PLC Henderson International Income Trust PLC HgCapital Trust PLC Holders Technology PLC iEnergizer Ltd Indus Gas Ltd Ingenta PLC Inspired Energy PLC Instem PLC Invesco Perpetual Select Trust PLC IQGEO Group PLC IRF European Finance Investments Ltd ITM Power PLC IXICO PLC Jaywing PLC JPMorgan Japan Smaller Companies Trust PLC JPMorgan US Smaller Companies IT PLC Judges Scientifi c PLC Landore Resources Ltd LiDCO Group PLC Life Settlement Assets PLC Livermore Investments Group Ltd LoopUp Group PLC LPA Group PLC Marlowe PLC

Mears Group PLC Medica Group PLC Menhaden PLC Mercantile Ports and Logistics Ltd Midwich Group PLC Modern Water PLC Mothercare PLC Mpac Group PLC MS International PLC MXC Capital Ltd MyCelx Technologies Corporation Netcall PLC Norish PLC Oncimmune Holdings PLC Online Blockchain PLC Ovoca Bio PLC Oxford BioDynamics PLC Parity Group PLC PCI-PAL PLC Pebble Beach Systems Group PLC Pembroke VCT PLC PJSC PhosAgro Pressure Technologies PLC Quartix Holdings PLC Quarto Group (The) Inc. Real Estate Investors PLC Reconstruction Capital II Ltd Rockfi re Resources PLC Rosslyn Data Technologies PLC Safestay PLC Savannah Petroleum PLC Schroder UK Public Private Trust PLC SDI Group PLC Spitfi re Oil Ltd Staffl ine Group PLC Thruvision Group PLC Transense Technologies PLC Tri-Star Resources PLC Tricorn Group PLC ULS Technology PLC Value & Income Trust PLC Velocity Composites PLC Venture Life Group PLC Vianet Group PLC Victoria PLC Vordere PLC Wetherspoon (J.D.) PLC Wilmington PLC Witan Investment Trust PLC World Trade Systems PLC Xeros Technology Group PLC Zambeef Products PLC Zoo Digital Group PLC

HAINES WATTS - CHARTERED ACCOUNTANTS Sterling House 97 Lichfi eld Street Tamworth B79 7QF T: +44 (0)1827 61835

HAYSMACINTYRE LLP 10 Queen Street Place London EC4R 1AG T: +44 (0)20 7969 5500

HAZLEWOODS LLP Windsor House Bayshill Road Cheltenham GL50 3AT T: +44 (0)1242 237 661

HLB MANN JUDD Level 4 130 Stirling Street Perth WA 6000 T: +61 (0)8 9227 7500

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

Bioventix PLC cloudBuy PLC Hardide PLC Management Resource Solutions PLC One Media iP Group PLC Volvere PLC

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Active Energy Group PLC Adams PLC Baron Oil PLC Big Sofa Technologies Group PLC Concepta PLC Dewhurst PLC dotDigital Group PLC Fandango Holdings PLC Grand Vision Media Holdings PLC Integumen PLC Local Shopping REIT (The) PLC MobilityOne Ltd New Trend Lifestyle Group PLC Nostra Terra Oil & Gas Company PLC Open Orphan PLC OptiBiotix Health PLC Papillon Holdings PLC PowerHouse Energy Group PLC REACT Group PLC SkinBioTherapeutics PLC Sosandar PLC Stanley Gibbons Group (The) PLC Stranger Holdings PLC Thalassa Holdings Ltd Windar Photonics PLC Zibao Metals Recycling Holdings PLC

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

Aberdeen Asian Income Fund Ltd Aberdeen Emerging Markets Investment Co. Ltd Aberdeen Japan Investment Trust PLC Aberdeen New India Investment Trust PLC Aberdeen Standard Equity Income Trust PLC Aberdeen Standard European Logistics Inc. PLC accesso Technology Group PLC Acorn Income Fund Ltd AEW UK Long Lease REIT PLC AEW UK REIT PLC AFI Development PLC Aggreko PLC Agronomics Ltd Alcentra European Floating Rate Inc. Fund Ltd Alliance Pharma PLC Allied Minds PLC Alpha Financial Markets Consulting PLC Amedeo Air Four Plus Ltd Amigo Holdings PLC Aminex PLC AO World PLC Apax Global Alpha Ltd Ariana Resources PLC Arricano Real Estate PLC Arrow Global Group PLC Ascential PLC Ashmore Global Opportunities Ltd Ashmore Group PLC Asia Dragon Trust PLC Atlas Mara Ltd Auto Trader Group PLC Avacta Group PLC Avangardco Investments Public Ltd AVI Global Trust PLC Avon Rubber PLC B&M European Value Retail SA Baillie Gifford Japan Trust (The) PLC Baillie Gifford Shin Nippon PLC Baillie Gifford US Growth Trust PLC Balfour Beatty PLC Banco Bilbao Vizcaya Argentaria, S.A. Bank of Ireland Group PLC Bank Pekao SA Barclays PLC Baronsmead Second Venture Trust PLC Baronsmead Venture Trust PLC Base Resources Ltd BBGI SICAV S.A. Bellway PLC Benchmark Holdings PLC Berkeley Group Holdings (The) PLC BH Global Ltd BH Macro Ltd Big Yellow Group PLC Bloomsbury Publishing PLC Bluefi eld Solar Income Fund Ltd BMO Managed Portfolio Trust PLC Breedon Group PLC British American Tobacco PLC Brown (N) Group PLC BT Group PLC C4X Discovery Holdings PLC Cairn Homes PLC Caledonia Investments PLC Cambium Global Timberland Ltd Capita PLC Carador Income Fund PLC Carclo PLC Card Factory PLC Carillion PLC Carr's Group PLC CATCo Reinsurance Opportunities Fund Ltd Charles Stanley Group PLC Chemring Group PLC Circle Property PLC

AUDITORS

8 Corporate Advisers Rankings Guide

Cohort PLC Compagnie de Saint-Gobain SA (J) Compass Group PLC Computacenter PLC Consort Medical PLC CPL Resources PLC CQS New City High Yield Fund Ltd Creo Medical Group PLC Croda International PLC Crystal Amber Fund Ltd Daejan Holdings PLC Dalata Hotel Group PLC Dart Group PLC DCC PLC Devro PLC DFS Furniture PLC Dialight PLC Dolphin Capital Investors Ltd DP Aircraft I Ltd Dragon-Ukrainian Properties & Development PLC DX (Group) PLC Eden Research PLC EFG-Hermes Holding S.A.E. EIH PLC EJF Investments Ltd EMIS Group PLC EN+ Group PLC EPE Special Opportunities Ltd Epwin Group PLC Equals Group PLC Ergomed PLC Everyman Media Group PLC Experian PLC EZZ Steel Company S.A.E. Fair Oaks Income Ltd FIH Group PLC Fisher (James) & Sons PLC Flutter Entertainment PLC Focusrite PLC Foresight Solar & Technology VCT PLC Foresight Solar Fund Ltd Fulcrum Utility Services Ltd Futura Medical PLC GCP Infrastructure Investments Ltd Gear4music (Holdings) PLC General Electric Company Genesis Emerging Markets Fund Ltd Glenveagh Properties PLC Global Ports Holding PLC GoCo Group PLC Goodwin PLC Grainger PLC Gran Tierra Energy Inc. Great Western Mining Corporation PLC Greggs PLC Gulf Investment Fund PLC GVC Holdings PLC Hargreaves Services PLC Hastings Group Holdings PLC Henderson Far East Income Ltd HICL Infrastructure PLC Hill & Smith Holdings PLC Hollywood Bowl Group PLC Huatai Securities Co., Ltd Hydrodec Group PLC Impax Asset Management Group PLC Impellam Group PLC Induction Healthcare Group PLC Integrated Diagnostics Holdings PLC Invesco Asia Trust PLC IP Group PLC IQE PLC ITV PLC IWG PLC JD Sports Fashion PLC Just Group PLC KAZ Minerals PLC Kenmare Resources PLC Kingspan Group PLC Kromek Group PLC KSK Power Ventur PLC Lancashire Holdings Ltd Lansdowne Oil & Gas PLC Legal & General Group PLC LSR Group PJSC Luceco PLC M&C Saatchi PLC M&G PLC Manx Financial Group PLC Marble Point Loan Financing Ltd Marston's PLC

MD Medical Group Investments PLC Merian Chrysalis Investment Company Ltd Micro Focus International PLC Mincon Group PLC Mitsubishi Electric Corporation Moneysupermarket.com Group PLC Morgan Advanced Materials PLC NB Distressed Debt Investment Fund Ltd NB Private Equity Partners Ltd NCC Group PLC Network International Holdings PLC NextEnergy Solar Fund Ltd North American Income Trust (The) PLC North Atlantic Smaller Companies Inv. Trust PLC Northern 2 VCT PLC Northern 3 VCT PLC Northern Venture Trust PLC Oakley Capital Investments Ltd Odyssean Investment Trust PLC Oil & Gas Development Co Ltd (J) Oilex Ltd Old Mutual Ltd (J) Orascom Investment Holding S.A.E. Oryx International Growth Fund Ltd Oxford BioMedica PLC Oxford Instruments PLC Pacifi c Assets Trust PLC Paragon Banking Group PLC PayPoint PLC Pendragon PLC Personal Group Holdings PLC Petards Group PLC Pets at Home Group PLC Picton Property Income Ltd PJSC Acron PJSC Lukoil Polar Capital Technology Trust PLC Premier African Minerals Ltd Premier Foods PLC Premier Global Infrastructure Trust PLC Premier Miton Group PLC PROACTIS Holdings PLC ProPhotonix Ltd Providence Resources PLC Prudential PLC PureTech Health PLC Quilter PLC Quixant PLC RDI REIT PLC Reckitt Benckiser Group PLC Redcentric PLC Redde PLC Redrow PLC Renew Holdings PLC Rentokil Initial PLC Ricardo PLC Rightmove PLC RM PLC Royal Mail PLC RSA Insurance Group PLC RTW Venture Fund Ltd Ryanair Holdings PLC Safestyle UK PLC Saga PLC San Leon Energy PLC Schiehallion Fund Ltd (The) Schroder UK Mid Cap Fund PLC Science Group PLC Scottish American Investment Company (The) PLC SDL PLC Senior PLC Sequoia Economic Infrastructure Inc. Fund Ltd Serco Group PLC Severfi eld PLC Severstal PJSC Shield Therapeutics PLC Simplybiz Group (The) PLC SmartSpace Software PLC Smith & Nephew PLC Smiths Group PLC Smurfi t Kappa Group PLC Sophos Group PLC South32 Ltd Speedy Hire PLC SSP Group PLC St Modwen Properties PLC Standard Chartered PLC Standard Life Aberdeen PLC Standard Life UK Smaller Companies Trust PLC Stobart Group Ltd Stock Spirits Group PLC

Strategic Equity Capital PLC Studio Retail Group PLC Sylvania Platinum Ltd Symphony International Holdings Ltd Taseko Mines Ltd Ted Baker PLC Tekmar Group PLC Telecom Egypt SAE Telecom Plus PLC Tetragon Financial Group Ltd TheWorks.co.uk PLC Total Produce PLC Total S.A. (J) TR Property Investment Trust PLC Tracsis PLC Trainline PLC Travis Perkins PLC Tremor International Ltd Tristel PLC Tritax EuroBox PLC TT Electronics PLC UIL Ltd Unilever PLC Unisys Corporation United Utilities Group PLC Utilico Emerging Markets Ltd Valeura Energy Inc. Vectura Group PLC Vietnam Enterprise Investments Ltd VietNam Holding Ltd Volga Gas PLC Volta Finance Ltd WANdisco PLC Watchstone Group PLC Webis Holdings PLC Weiss Korea Opportunity Fund Ltd Wentworth Resources PLC Wincanton PLC Wood Group (John) PLC Workspace Group PLC Zegona Communications PLC Zenith Bank PLC

KRESTON REEVES LLP Third fl oor 24 Chiswell Street London EC1Y 4YX T: +44 (0)20 7382 1820

M. J. ABEDIN & CO CHARTERED ACCOUNTANTS National Plaza (3rd Floor) 109, Bir Uttam C.R. Datta Road Dhaka T: +880 (0)2 8629 771

MOORE KINGSTON SMITH LLP Devonshire House 60 Goswell Road London EC1M 7AD T: +44 (0)20 7566 4000

MOORE STEPHENS UK 1 Hill Street London W1J 5LA T: +44 (0)20 7334 9191 F: +44 (0)20 7248 3408 www.moorestephens.co.uk

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Alba Mineral Resources PLC Arcontech Group PLC Argentex Group PLC B90 Holdings PLC Catenae Innovation PLC CloudCoCo Group PLC Croma Security Solutions Group PLC DeepMatter Group PLC Deltex Medical Group PLC Egdon Resources PLC eve Sleep PLC Fletcher King PLC HML Holdings PLC Immedia Group PLC ImmuPharma PLC MediaZest PLC Metals Exploration PLC Michelmersh Brick Holdings PLC Ormonde Mining PLC Panoply Holdings (The) PLC Panther Securities PLC Parkmead Group (The) PLC SRT Marine Systems PLC Sutton Harbour Group PLC Tern PLC Urban Logistics REIT PLC

PKF FRANCIS CLARK Vantage Point Woodwater Park Pynes Hill Exeter EX2 5FD T: +44 (0)1392 66 7000

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Alpha Growth PLC Altus Strategies PLC Anglo African Agriculture PLC Arc Minerals Ltd Argo Blockchain PLC Attis Oil and Gas Ltd Bluejay Mining PLC Bould Opportunities PLC Braveheart Investment Group PLC BSF Enterprise PLC Chesterfi eld Resources PLC China Nonferrous Gold Ltd Cobra Resources PLC Condor Gold PLC Cora Gold Ltd Coro Energy PLC Dev Clever Holdings PLC Dukemount Capital PLC ECR Minerals PLC eEnergy Group PLC Emmerson PLC Erris Resources PLC Georgian Mining Corporation Global Resources Investment Trust PLC

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AUDITORS

10 Corporate Advisers Rankings Guide

Helios Underwriting PLC Hemogenyx Pharmaceuticals PLC i3 Energy PLC Infrastrata PLC Inspirit Energy Holdings PLC Investment Company (The) PLC IQ-AI Ltd Kavango Resources PLC Kazera Global PLC Keras Resources PLC Limitless Earth PLC London Finance & Investment Group PLC Mila Resources PLC Mobile Streams PLC Octagonal PLC Oriole Resources PLC Panthera Resources PLC Path Investments PLC Pembridge Resources PLC Pires Investments PLC Plutus PowerGen PLC Predator Oil & Gas Holdings PLC Randall & Quilter Investment Holdings Ltd Remote Monitored Systems PLC Renalytix AI PLC RiverFort Global Opportunities PLC Rockpool Acquisitions PLC Sealand Capital Galaxy Ltd SigmaRoc PLC Spinnaker Opportunities PLC Sure Ventures PLC Toople PLC Trident Resources PLC Two Shields Investments PLC UniVision Engineering Ltd VR Education Holdings PLC Woodbois Ltd Zenith Energy Ltd Zoetic International PLC

PRICE BAILEY LLP Tennyson House Cambridge Business Park Cambridge CB4 0WZ T: +44 (0)1223 565 035

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

1Spatial PLC AA PLC Abcam PLC Accsys Technologies PLC Actual Experience PLC Air Partner PLC Amiad Water Systems Ltd Animalcare Group PLC Antofagasta PLC APi Group Corporation Applegreen PLC Aquila European Renewables Income Fund PLC Aquis Exchange PLC Arix Bioscience PLC Artemis Alpha Trust PLC ASOS PLC AssetCo PLC AstraZeneca PLC Atlantis Japan Growth Fund Ltd Augmentum Fintech PLC Aviva PLC Babcock International Group PLC Bahamas Petroleum Company PLC

Baillie Gifford UK Growth Fund PLC Bakkavor Group PLC Banco Santander, S.A. Bank of Cyprus Holdings PLC BankMuscat (SAOG) Belvoir Group PLC BioPharma Credit PLC BlackRock Latin American Investment Trust PLC BlackRock North American Income Trust PLC BlackRock Smaller Companies Trust PLC BlackRock Throgmorton Trust PLC BlackRock World Mining Trust PLC Blancco Technology Group PLC BMO Capital & Income Investment Trust PLC BMO Commercial Property Trust Ltd BMO Real Estate Investments Ltd Bodycote PLC boohoo group PLC Boot (Henry) PLC British Land Company PLC Brooks Macdonald Group PLC Brunner Investment Trust (The) PLC Bunzl PLC Burberry Group PLC Cairn Energy PLC Canadian General Investments Ltd Capital & Counties Properties PLC Capital Gearing Trust PLC Carnival PLC Cello Health PLC Centamin PLC Centaur Media PLC Cerillion PLC China New Energy Ltd Churchill China PLC Cineworld Group PLC Circassia Pharmaceuticals PLC City Merchants High Yield Trust Ltd City of London Investment Trust (The) PLC Civitas Social Housing PLC Clarke (T.) PLC Clarkson PLC Clinigen Group PLC Close Brothers Group PLC CMC Markets PLC Coca-Cola HBC AG Commercial International Bank (Egypt) SAE (J) Compagnie de Saint-Gobain SA (J) ContourGlobal PLC Costain Group PLC Countryside Properties PLC Countrywide PLC Craneware PLC Cranswick PLC Crest Nicholson Holdings PLC Curtis Banks Group PLC Daily Mail and General Trust PLC Dairy Farm International Holdings Ltd Dechra Pharmaceuticals PLC Derwent London PLC Diaceutics PLC Diageo PLC Diploma PLC discoverIE Group PLC Diurnal Group PLC Domino's Pizza Group PLC DP Eurasia N.V. Draper Esprit PLC Drum Income Plus REIT PLC Dunelm Group PLC easyJet PLC Ebiquity PLC Eckoh PLC Eddie Stobart Logistics PLC Edinburgh Investment Trust (The) PLC Edita Food Industries S.A.E EKF Diagnostics Holdings PLC Electrocomponents PLC Equiniti Group PLC Essentra PLC Eurocell PLC Euromoney Institutional Investor PLC European Assets Trust PLC European Opportunities Trust PLC Faron Pharmaceuticals Oy FastForward Innovations Ltd FBD Holdings PLC FDM Group (Holdings) PLC Filtronic PLC Finsbury Food Group PLC Finsbury Growth & Income Trust PLC

Fox Marble Holdings PLC Funding Circle Holdings PLC Fusion Antibodies PLC Future PLC G4S PLC Gabelli Merger Plus+ Trust PLC Gabelli Value Plus+ Trust PLC Gama Aviation PLC Games Workshop Group PLC Gattaca PLC GCP Asset Backed Income Fund Ltd Genel Energy PLC Global Ports Investments PLC Globaltrans Investment PLC Gooch & Housego PLC Grafton Group PLC Griffi n Mining Ltd Grit Real Estate Income Group Ltd Guaranty Trust Bank PLC GYG PLC Halma PLC Hammerson PLC Hansa Investment Company Ltd Hansard Global PLC Hargreaves Lansdown PLC Harworth Group PLC Haynes Publishing Group PLC Hays PLC Headlam Group PLC Henderson High Income Trust PLC Highbridge Tactical Credit Fund Ltd Hikma Pharmaceuticals PLC Hilton Food Group PLC Hipgnosis Songs Fund Ltd Hiscox Ltd Honeycomb Investment Trust PLC Hongkong Land Holdings Ltd HSBC Holdings PLC Huntsworth PLC Hutchison China Meditech Ltd IG Design Group PLC IG Group Holdings PLC IGas Energy PLC IMImobile PLC Immunodiagnostic Systems Holdings PLC Indivior PLC Inspiration Healthcare Group PLC Intercede Group PLC International Biotechnology Trust PLC International Business Machines Corporation Intertek Group PLC Invesco Enhanced Income Ltd Jardine Matheson Holdings Ltd Jardine Strategic Holdings Ltd Jersey Oil and Gas PLC Johnson Matthey PLC Johnson Service Group PLC JPEL Private Equity Ltd JPMorgan Asian Investment Trust PLC JPMorgan Global Core Real Assets Ltd JPMorgan Indian Investment Trust PLC JPMorgan Japanese Investment Trust PLC JPMorgan Mid Cap Investment Trust PLC JPMorgan Multi-Asset Trust PLC JSC NAC Kazatomprom JTC PLC Jupiter Fund Management PLC Kerry Group PLC Keystone Investment Trust PLC Kier Group PLC Kin and Carta PLC Landscape Acquisition Holdings Ltd LG Electronics Inc Lindsell Train Investment Trust (The) PLC Liontrust Asset Management PLC Lloyds Banking Group PLC London Security PLC Loungers PLC Mandarin Oriental International Ltd Marwyn Value Investors Ltd MC Mining Ltd McBride PLC Mediclinic International PLC Meggitt PLC Mercantile Investment Trust (The) PLC Metro Bank PLC Mirriad Advertising PLC Miton Global Opportunities PLC MJ Gleeson PLC Mobile Tornado Group PLC Mobius Investment Trust PLC

Mondi PLC Morrison (Wm) Supermarkets PLC Motif Bio PLC Motorpoint Group PLC Murray Income Trust PLC MySale Group PLC NAHL Group PLC Nanoco Group PLC NB Global Floating Rate Income Fund Ltd NewRiver REIT PLC Next PLC Nexus Infrastructure PLC Norcros PLC Northgate PLC Novolipetsk Steel Novorossiysk Commercial Sea Port PJSC Nucleus Financial Group PLC Numis Corporation PLC NWF Group PLC O'Key Group SA Octopus Renewables Infrastructure Trust PLC Oil & Gas Development Co Ltd (J) Origin Enterprises PLC Orosur Mining Inc Pacifi c Alliance China Land Ltd Pan African Resources PLC PAO Novatek Pearson PLC Pebble Group (The) PLC Permanent tsb Group Holdings PLC Personal Assets Trust PLC Phoenix Global Resources PLC Pittards PLC PJSC Magnitogorsk Iron & Steel Works PJSC TransContainer Plus500 Ltd PME African Infrastructure Opportunities PLC Polar Capital Global Financials Trust PLC Polar Capital Global Healthcare Trust PLC Pollen Street Secured Lending PLC Premier Veterinary Group PLC Princess Private Equity Holding Ltd Pure Gold Mining Inc. PureCircle Ltd PV Crystalox Solar PLC QinetiQ Group PLC Reach PLC Record PLC RedT Energy PLC Regal Petroleum PLC ReNeuron Group PLC Renewi PLC Restore PLC Revolution Bars Group PLC RHI Magnesita N.V. Rio Tinto PLC River and Mercantile UK Micro Cap Inv. Co. Ltd Rockhopper Exploration PLC RockRose Energy PLC Rolls-Royce Holdings PLC Ros Agro PLC RusHydro PJSC RWS Holdings PLC S4 Capital PLC Safe Harbour Holdings PLC Samsung Electronics Co Ltd Sanne Group PLC Savills PLC Sberbank of Russia Schlumberger Ltd Schroder European Real Estate Inv. Trust PLC Schroder Oriental Income Fund Ltd Scottish Investment Trust (The) PLC Scottish Mortgage Investment Trust PLC ScS Group PLC SDCL Energy Effi ciency Income Trust PLC SDX Energy PLC Segro PLC Sensyne Health PLC Silence Therapeutics PLC Sirius Minerals PLC SME Credit Realisation Fund Ltd Sportech PLC St James's Place PLC Starwood European Real Estate Finance Ltd SThree PLC Strix Group PLC STV Group PLC Summit Therapeutics PLC Synthomer PLC Tatneft PJSC

AUDITORS

11Corporate Advisers Rankings Guide

TBC Bank Group PLC TCS Group Holding PLC Team17 Group PLC Ten Entertainment Group PLC Thorpe (F.W.) PLC TI Fluid Systems PLC Time Out Group PLC Topps Tiles PLC Touchstar PLC Toyota Motor Corporation Trans-Siberian Gold PLC Trinity Exploration & Production PLC Troy Income & Growth Trust PLC Tufton Oceanic Assets Ltd TwentyFour Income Fund Ltd TwentyFour Select Monthly Income Fund Ltd Tyman PLC U and I Group PLC Uniphar PLC Velocys PLC Verona Pharma PLC Versarien PLC Vertu Motors PLC Vesuvius PLC Victrex PLC VinaCapital Vietnam Opportunity Fund Ltd Vistry Group PLC Vivo Energy PLC Volex PLC Vp PLC VPC Specialty Lending Investments PLC Walker Greenbank PLC Weir Group PLC WH Smith PLC Wilmcote Holdings PLC Wizz Air Holdings PLC Worldwide Healthcare Trust PLC XP Power Ltd YouGov PLC Zotefoams PLC

REES POLLOCK 35 New Bridge Street London EC4V 6BW T: +44 (0)20 7778 7200

RPG CROUCH CHAPMAN LLP 62 Wilson Street London EC2A 2BU T: +44 (0)20 7782 0007

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

SAFFERY CHAMPNESS 71 Queen Victoria Street London EC4V 4BE T: +44 (0)20 7841 4000

SHIPLEYS LLP 10 Orange Street Haymarket London WC2H 7DQ T: +44 (0)20 7312 0000

UHY HACKER YOUNG Quadrant House 4 Thomas More Square London E1W 1YW

T: +44 (0)20 7216 4600

WHITLEY PENN LLP 8343 Douglas Avenue Suite 400 Dallas TX 75225 T: +1 (0)214 393 9300

WILKINS KENNEDY Bridge House London SE1 9QR T: +44 (0)20 7403 1877

AUDITORS

12 Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 27 (27)

2 (2) - KPMG 26 (26)

3 (3) - DELOITTE 25 (24)

4 (4) - EY 22 (23)

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) PRICEWATERHOUSECOOPERS 537,833 (550,994)

2 (3) KPMG 460,562 (446,145)

3 (2) DELOITTE 451,040 (450,151)

4 (4) EY 408,104 (411,408)

FTSE 100Number of clients Client Market Cap (£M)

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

Antofagasta PLC AstraZeneca PLC Aviva PLC British Land Company PLC Bunzl PLC Burberry Group PLC Carnival PLC Coca-Cola HBC AG Diageo PLC easyJet PLC Halma PLC Hargreaves Lansdown PLC Hikma Pharmaceuticals PLC HSBC Holdings PLC Intertek Group PLC Johnson Matthey PLC Lloyds Banking Group PLC Meggitt PLC Mondi PLC Morrison (Wm) Supermarkets PLC Next PLC Pearson PLC Rio Tinto PLC Rolls-Royce Holdings PLC Scottish Mortgage Investment Trust PLC Segro PLC St James's Place PLC

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

Auto Trader Group PLC Barclays PLC Berkeley Group Holdings (The) PLC British American Tobacco PLC BT Group PLC Compass Group PLC Croda International PLC DCC PLC Experian PLC Flutter Entertainment PLC ITV PLC JD Sports Fashion PLC Legal & General Group PLC M&G PLC Prudential PLC Reckitt Benckiser Group PLC Rentokil Initial PLC Rightmove PLC RSA Insurance Group PLC Smith & Nephew PLC Smiths Group PLC Smurfi t Kappa Group PLC Standard Chartered PLC Standard Life Aberdeen PLC Unilever PLC United Utilities Group PLC

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

AUDITORS

13Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 66 (68)

2 (2) - KPMG 58 (58)

3 (3) - EY 56 (57)

4 (4) - DELOITTE 54 (56)

5 (5) - BDO 11 (6)

6 (6) - GRANT THORNTON UK 3 (3)

7 (7) - MHA MACINTYRE HUDSON 1 (1)

7 (7) - RSM 1 (1)

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) PRICEWATERHOUSECOOPERS 111,796 (109,272)

2 (3) KPMG 109,082 (102,110)

3 (2) DELOITTE 106,660 (109,235)

4 (4) EY 93,345 (89,502)

5 (5) BDO 13,287 (8,788)

6 (6) GRANT THORNTON UK 4,613 (4,392)

7 (7) RSM 2,459 (1,636)

8 (8) MHA MACINTYRE HUDSON 819 (724)

FTSE 250Number of clients Client Market Cap (£M)

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

Babcock International Group PLC Bakkavor Group PLC BlackRock Smaller Companies Trust PLC BlackRock World Mining Trust PLC BMO Commercial Property Trust Ltd Bodycote PLC Cairn Energy PLC Capital & Counties Properties PLC Centamin PLC Cineworld Group PLC City of London Investment Trust (The) PLC Clarkson PLC Close Brothers Group PLC ContourGlobal PLC Countryside Properties PLC Cranswick PLC Crest Nicholson Holdings PLC Dechra Pharmaceuticals PLC Derwent London PLC Diploma PLC Domino's Pizza Group PLC Dunelm Group PLC Edinburgh Investment Trust (The) PLC Electrocomponents PLC Equiniti Group PLC Essentra PLC Euromoney Institutional Investor PLC European Opportunities Trust PLC FDM Group (Holdings) PLC Finsbury Growth & Income Trust PLC Future PLC G4S PLC Games Workshop Group PLC Grafton Group PLC Hammerson PLC Hays PLC Hilton Food Group PLC Hiscox Ltd IG Group Holdings PLC JPMorgan Indian Investment Trust PLC JPMorgan Japanese Investment Trust PLC Jupiter Fund Management PLC Mediclinic International PLC Mercantile Investment Trust (The) PLC NewRiver REIT PLC Personal Assets Trust PLC Plus500 Ltd Pollen Street Secured Lending PLC QinetiQ Group PLC

RHI Magnesita N.V. Sanne Group PLC Savills PLC Schroder Oriental Income Fund Ltd Scottish Investment Trust (The) PLC Synthomer PLC TBC Bank Group PLC TI Fluid Systems PLC Vesuvius PLC Victrex PLC VinaCapital Vietnam Opportunity Fund Ltd Vistry Group PLC Vivo Energy PLC Weir Group PLC WH Smith PLC Wizz Air Holdings PLC Worldwide Healthcare Trust PLC

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

Aggreko PLC Apax Global Alpha Ltd Ascential PLC Ashmore Group PLC AVI Global Trust PLC B&M European Value Retail SA Baillie Gifford Japan Trust (The) PLC Balfour Beatty PLC BBGI SICAV S.A. Bellway PLC Big Yellow Group PLC Caledonia Investments PLC Capita PLC Computacenter PLC Daejan Holdings PLC Fisher (James) & Sons PLC Foresight Solar Fund Ltd GCP Infrastructure Investments Ltd Genesis Emerging Markets Fund Ltd Grainger PLC Greggs PLC GVC Holdings PLC Hastings Group Holdings PLC HICL Infrastructure PLC Hill & Smith Holdings PLC IP Group PLC IWG PLC Just Group PLC KAZ Minerals PLC Lancashire Holdings Ltd

Marston's PLC Micro Focus International PLC Moneysupermarket.com Group PLC Morgan Advanced Materials PLC Network International Holdings PLC NextEnergy Solar Fund Ltd Oxford Instruments PLC Paragon Banking Group PLC PayPoint PLC Pets at Home Group PLC Polar Capital Technology Trust PLC PureTech Health PLC Quilter PLC Redrow PLC Royal Mail PLC Senior PLC Sequoia Economic Infrastructure Inc. Fund Ltd Serco Group PLC Sophos Group PLC SSP Group PLC St Modwen Properties PLC Telecom Plus PLC TR Property Investment Trust PLC Trainline PLC Travis Perkins PLC Vietnam Enterprise Investments Ltd Wood Group (John) PLC Workspace Group PLC

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

HgCapital Trust PLC Wetherspoon (J.D.) PLC Witan Investment Trust PLC

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

AUDITORS

14 Corporate Advisers Rankings Guide

FTSE Small Cap/FledglingNumber of clients Client Market Cap (£M)

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

AA PLC Air Partner PLC Artemis Alpha Trust PLC Atlantis Japan Growth Fund Ltd Augmentum Fintech PLC Baillie Gifford UK Growth Fund PLC BlackRock Latin American Investment Trust PLC BlackRock North American Income Trust PLC BlackRock Throgmorton Trust PLC BMO Capital & Income Investment Trust PLC BMO Real Estate Investments Ltd Boot (Henry) PLC Brunner Investment Trust (The) PLC Capital Gearing Trust PLC Centaur Media PLC City Merchants High Yield Trust Ltd Civitas Social Housing PLC Clarke (T.) PLC CMC Markets PLC Costain Group PLC Countrywide PLC discoverIE Group PLC DP Eurasia N.V. European Assets Trust PLC Funding Circle Holdings PLC Gabelli Value Plus+ Trust PLC GCP Asset Backed Income Fund Ltd Hansard Global PLC Harworth Group PLC Haynes Publishing Group PLC Headlam Group PLC Henderson High Income Trust PLC Highbridge Tactical Credit Fund Ltd Hipgnosis Songs Fund Ltd Huntsworth PLC Indivior PLC International Biotechnology Trust PLC JPMorgan Asian Investment Trust PLC JPMorgan Mid Cap Investment Trust PLC JPMorgan Multi-Asset Trust PLC JTC PLC Keystone Investment Trust PLC Kier Group PLC Kin and Carta PLC Lindsell Train Investment Trust (The) PLC Liontrust Asset Management PLC McBride PLC Metro Bank PLC Miton Global Opportunities PLC MJ Gleeson PLC

Mobius Investment Trust PLC Motorpoint Group PLC Murray Income Trust PLC Nanoco Group PLC NB Global Floating Rate Income Fund Ltd Norcros PLC Northgate PLC Polar Capital Global Financials Trust PLC Polar Capital Global Healthcare Trust PLC PureCircle Ltd Reach PLC Record PLC Renewi PLC Revolution Bars Group PLC River and Mercantile UK Micro Cap Inv. Co. Ltd Schroder European Real Estate Inv. Trust PLC ScS Group PLC SDCL Energy Effi ciency Income Trust PLC Sirius Minerals PLC SME Credit Realisation Fund Ltd Sportech PLC Starwood European Real Estate Finance Ltd SThree PLC STV Group PLC Ten Entertainment Group PLC Topps Tiles PLC Troy Income & Growth Trust PLC TwentyFour Income Fund Ltd TwentyFour Select Monthly Income Fund Ltd Tyman PLC U and I Group PLC Vp PLC XP Power Ltd Zotefoams PLC

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

Aberdeen Asian Income Fund Ltd Aberdeen Japan Investment Trust PLC Aberdeen New India Investment Trust PLC Aberdeen Standard Equity Income Trust PLC

Aberdeen Standard European Logistics Inc. PLC AEW UK Long Lease REIT PLC AEW UK REIT PLC Alcentra European Floating Rate Inc. Fund Ltd Allied Minds PLC Amigo Holdings PLC AO World PLC Arrow Global Group PLC Ashmore Global Opportunities Ltd Asia Dragon Trust PLC Avon Rubber PLC Baillie Gifford Shin Nippon PLC Baillie Gifford US Growth Trust PLC BH Global Ltd BH Macro Ltd Bloomsbury Publishing PLC Bluefi eld Solar Income Fund Ltd Brown (N) Group PLC Carclo PLC Card Factory PLC Carr's Group PLC Chemring Group PLC Consort Medical PLC CQS New City High Yield Fund Ltd Devro PLC DFS Furniture PLC Dialight PLC GoCo Group PLC Goodwin PLC Henderson Far East Income Ltd Hollywood Bowl Group PLC Invesco Asia Trust PLC Kenmare Resources PLC Luceco PLC Merian Chrysalis Investment Company Ltd NB Private Equity Partners Ltd NCC Group PLC North American Income Trust (The) PLC North Atlantic Smaller Companies Inv. Trust PLC Odyssean Investment Trust PLC Oxford BioMedica PLC Pacifi c Assets Trust PLC Pendragon PLC Picton Property Income Ltd Premier Foods PLC Premier Global Infrastructure Trust PLC RDI REIT PLC Ricardo PLC Saga PLC Schroder UK Mid Cap Fund PLC Scottish American Investment Company (The) PLC SDL PLC Severfi eld PLC Speedy Hire PLC Standard Life UK Smaller Companies Trust PLC Stobart Group Ltd Stock Spirits Group PLC Strategic Equity Capital PLC Studio Retail Group PLC Ted Baker PLC TheWorks.co.uk PLC Tritax EuroBox PLC TT Electronics PLC Utilico Emerging Markets Ltd Vectura Group PLC VietNam Holding Ltd Wincanton PLC

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Allianz Technology Trust PLC Aptitude Software Group PLC Aurora Investment Trust PLC Downing Strategic Micro-Cap Inv. Trust PLC Ediston Property Investment Company PLC Fuller, Smith & Turner PLC Henderson Alternative Strategies Trust PLC Henderson International Income Trust PLC JPMorgan Japan Smaller Companies Trust PLC JPMorgan US Smaller Companies IT PLC Mears Group PLC Medica Group PLC Menhaden PLC Mothercare PLC Schroder UK Public Private Trust PLC Value & Income Trust PLC

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 84 (89)

2 (2) - EY 76 (75)

3 (3) - KPMG 71 (74)

4 (4) - DELOITTE 46 (46)

5 (5) - BDO 45 (43)

6 (6) - GRANT THORNTON UK 16 (16)

7 (7) - RSM 5 (4)

8 (7) ▼ HAZLEWOODS 4 (4)

8 (7) ▼ MAZARS 4 (4)

10 - ▲ HAYSMACINTYRE 3 -

10 - ▲ JOHNSTON CARMICHAEL 3 -

10 (10) - PKF LITTLEJOHN 3 (3)

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) KPMG 23,715 (23,331)

2 (2) PRICEWATERHOUSECOOPERS 23,147 (21,942)

3 (3) EY 19,676 (17,803)

4 (4) DELOITTE 12,926 (12,421)

5 (5) BDO 9,588 (8,935)

6 (6) GRANT THORNTON UK 3,554 (3,382)

7 (7) RSM 1,506 (1,138)

8 (8) MAZARS 413 (432)

9 - HAYSMACINTYRE 193 -

10 (11) BRIGHTMAN ALMAGOR ZOHAR & CO. 189 (188)

11 - JOHNSTON CARMICHAEL 99 -

12 - HAZLEWOODS 60 -

AUDITORS

15Corporate Advisers Rankings Guide

HAZLEWOODS LLP Windsor House Bayshill Road Cheltenham GL50 3AT T: +44 (0)1242 237 661

HAYSMACINTYRE LLP 10 Queen Street Place London EC4R 1AG T: +44 (0)20 7969 5500

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Global Resources Investment Trust PLC Investment Company (The) PLC London Finance & Investment Group PLC

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

Cardiff Property (The) PLC RDL Realisation PLC

ADVISER RANKINGS LIMITED | 9 Oakhill Road, Sevenoaks, Kent, TN13 1NW | www.adviser-rankings.com | +44 (0) 7910 818810 | +44 (0)1732 742743

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AUDITORS

16 Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - BDO 167 (168)

2 (2) - PRICEWATERHOUSECOOPERS 97 (100)

3 (3) - GRANT THORNTON UK 89 (98)

4 (4) - KPMG 76 (85)

5 (5) - RSM 57 (56)

6 (6) - DELOITTE 48 (54)

7 (8) ▲ CROWE 39 (36)

8 (7) ▼ EY 37 (40)

9 (9) - PKF LITTLEJOHN 36 (35)

10 (10) - NEXIA SMITH & WILLIAMSON 26 (24)

11 (11) - JEFFREYS HENRY 20 (19)

12 (12) - MAZARS 17 (17)

13 (13) - CHAPMAN DAVIS 16 (16)

14 (14) - HAYSMACINTYRE 12 (14)

15 (15) - UHY HACKER YOUNG 11 (11)

16 (16) - JAMES COWPER KRESTON 6 (6)

16 (16) - MOORE KINGSTON SMITH 6 (6)

16 (16) - SAFFERY CHAMPNESS 6 (6)

19 (20) ▲ COOPER PARRY GROUP 5 (4)

19 (19) - MHA MACINTYRE HUDSON 5 (5)

19 (20) ▲ SHIPLEYS 5 (4)

22 (20) ▼ ADLER SHINE 4 (4)

22 (20) ▼ BAKER TILLY CI AUDIT 4 (4)

22 (20) ▼ HAZLEWOODS 4 (4)

22 (20) ▼ MOORE STEPHENS UK 4 (4)

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) PRICEWATERHOUSECOOPERS 28,596 (26,522)

2 (2) BDO 17,504 (15,561)

3 (3) KPMG 14,035 (12,833)

4 (4) EY 10,665 (11,091)

5 (5) DELOITTE 9,551 (9,632)

6 (6) GRANT THORNTON UK 9,104 (8,311)

7 (7) RSM 3,612 (3,267)

8 (8) CROWE 3,020 (2,728)

9 (9) PKF LITTLEJOHN 1,049 (1,066)

10 (10) MAZARS 1,021 (986)

11 (11) NEXIA SMITH & WILLIAMSON 919 (790)

12 (12) JEFFREYS HENRY 588 (498)

13 (13) UHY HACKER YOUNG 331 (346)

14 (14) HAYSMACINTYRE 315 (308)

15 (16) JAMES COWPER KRESTON 272 (244)

16 (17) CHAPMAN DAVIS 264 (241)

17 (20) RMT ACCOUNTANTS & BUSINESS ADVISORS 245 (156)

18 (18) SAFFERY CHAMPNESS 198 (208)

19 (19) M. J. ABEDIN & CO CHARTERED ACCOUNTANTS 172 (162)

20 (21) JOHNSTON CARMICHAEL 161 (142)

21 (23) WHITLEY PENN 151 (113)

22 - COOPER PARRY GROUP 123 -

23 (22) RPG CROUCH CHAPMAN 115 (116)

24 (24) PKF FRANCIS CLARK 109 (112)

25 - RAWLINSON & HUNTER 98 -

Total AIM ClientsNumber of clients Client Market Cap (£M)

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

1Spatial PLC Abcam PLC Accsys Technologies PLC Actual Experience PLC Amiad Water Systems Ltd Animalcare Group PLC Applegreen PLC Aquis Exchange PLC ASOS PLC AssetCo PLC Bahamas Petroleum Company PLC Belvoir Group PLC Blancco Technology Group PLC boohoo group PLC Brooks Macdonald Group PLC Cello Health PLC Cerillion PLC China New Energy Ltd Churchill China PLC Circassia Pharmaceuticals PLC

Clinigen Group PLC Craneware PLC Curtis Banks Group PLC Diaceutics PLC Diurnal Group PLC Draper Esprit PLC Ebiquity PLC Eckoh PLC Eddie Stobart Logistics PLC EKF Diagnostics Holdings PLC Faron Pharmaceuticals Oy FastForward Innovations Ltd Filtronic PLC Finsbury Food Group PLC Fox Marble Holdings PLC Fusion Antibodies PLC Gama Aviation PLC Gattaca PLC Gooch & Housego PLC Griffi n Mining Ltd GYG PLC Hutchison China Meditech Ltd IG Design Group PLC IGas Energy PLC IMImobile PLC Immunodiagnostic Systems Holdings PLC Inspiration Healthcare Group PLC Intercede Group PLC Jersey Oil and Gas PLC Johnson Service Group PLC London Security PLC Loungers PLC MC Mining Ltd Mirriad Advertising PLC Mobile Tornado Group PLC Motif Bio PLC MySale Group PLC NAHL Group PLC Nexus Infrastructure PLC Nucleus Financial Group PLC Numis Corporation PLC NWF Group PLC Origin Enterprises PLC Orosur Mining Inc Pacifi c Alliance China Land Ltd

Pan African Resources PLC Pebble Group (The) PLC Phoenix Global Resources PLC Pittards PLC PME African Infrastructure Opportunities PLC RedT Energy PLC Regal Petroleum PLC ReNeuron Group PLC Restore PLC Rockhopper Exploration PLC RWS Holdings PLC Safe Harbour Holdings PLC SDX Energy PLC Sensyne Health PLC Silence Therapeutics PLC Strix Group PLC Summit Therapeutics PLC Team17 Group PLC Thorpe (F.W.) PLC Time Out Group PLC Touchstar PLC Trans-Siberian Gold PLC Trinity Exploration & Production PLC Uniphar PLC Velocys PLC Verona Pharma PLC Versarien PLC Vertu Motors PLC Volex PLC Walker Greenbank PLC Wilmcote Holdings PLC YouGov PLC

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Abal Group PLC Aberdeen Frontier Markets Investment Co. Ltd ADVFN PLC AFC Energy PLC Allergy Therapeutics PLC Altitude Group PLC Amino Technologies PLC Amryt Pharma PLC Andrews Sykes Group PLC AorTech International PLC Ashley House PLC Avingtrans PLC Beeks Financial Cloud Group PLC Billington Holdings PLC Biome Technologies PLC Brave Bison Group PLC Cambridge Cognition Holdings PLC CareTech Holdings PLC Chamberlin PLC Checkit PLC City Pub Group (The) PLC Codemasters Group Holdings PLC Concurrent Technologies PLC Dods Group PLC Elecosoft PLC Enteq Upstream PLC EQTEC PLC Ethernity Networks Ltd Eurasia Mining PLC Flowtech Fluidpower PLC Gateley (Holdings) PLC

AUDITORS

17Corporate Advisers Rankings Guide

GETECH Group PLC GlobalData PLC Holders Technology PLC iEnergizer Ltd Indus Gas Ltd Ingenta PLC Inspired Energy PLC Instem PLC IQGEO Group PLC ITM Power PLC IXICO PLC Jaywing PLC Judges Scientifi c PLC Landore Resources Ltd LiDCO Group PLC Livermore Investments Group Ltd LoopUp Group PLC LPA Group PLC Marlowe PLC Mercantile Ports and Logistics Ltd Midwich Group PLC Modern Water PLC Mpac Group PLC MS International PLC MXC Capital Ltd MyCelx Technologies Corporation Netcall PLC Norish PLC Oncimmune Holdings PLC Online Blockchain PLC Ovoca Bio PLC Oxford BioDynamics PLC Parity Group PLC PCI-PAL PLC Pebble Beach Systems Group PLC Pressure Technologies PLC Quartix Holdings PLC Real Estate Investors PLC Reconstruction Capital II Ltd Rockfi re Resources PLC Rosslyn Data Technologies PLC Safestay PLC Savannah Petroleum PLC SDI Group PLC Spitfi re Oil Ltd Staffl ine Group PLC Thruvision Group PLC Transense Technologies PLC Tri-Star Resources PLC Tricorn Group PLC ULS Technology PLC Velocity Composites PLC Venture Life Group PLC Vianet Group PLC Victoria PLC Xeros Technology Group PLC Zambeef Products PLC Zoo Digital Group PLC

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

accesso Technology Group PLC Agronomics Ltd Alliance Pharma PLC Alpha Financial Markets Consulting PLC Ariana Resources PLC Arricano Real Estate PLC Avacta Group PLC Base Resources Ltd Benchmark Holdings PLC Breedon Group PLC C4X Discovery Holdings PLC Cambium Global Timberland Ltd Circle Property PLC Cohort PLC CPL Resources PLC Creo Medical Group PLC

Crystal Amber Fund Ltd Dart Group PLC Dolphin Capital Investors Ltd Dragon-Ukrainian Properties & Development PLC DX (Group) PLC Eden Research PLC EIH PLC EMIS Group PLC EPE Special Opportunities Ltd Epwin Group PLC Equals Group PLC Ergomed PLC Everyman Media Group PLC FIH Group PLC Focusrite PLC Fulcrum Utility Services Ltd Futura Medical PLC Gear4music (Holdings) PLC Great Western Mining Corporation PLC Hargreaves Services PLC Hydrodec Group PLC Impax Asset Management Group PLC Impellam Group PLC Induction Healthcare Group PLC IQE PLC Kromek Group PLC Lansdowne Oil & Gas PLC M&C Saatchi PLC Manx Financial Group PLC Mincon Group PLC Oilex Ltd Personal Group Holdings PLC Petards Group PLC Premier African Minerals Ltd Premier Miton Group PLC PROACTIS Holdings PLC ProPhotonix Ltd Providence Resources PLC Quixant PLC Redcentric PLC Redde PLC Renew Holdings PLC Safestyle UK PLC San Leon Energy PLC Science Group PLC Shield Therapeutics PLC Simplybiz Group (The) PLC SmartSpace Software PLC Sylvania Platinum Ltd Tekmar Group PLC Total Produce PLC Tracsis PLC Tremor International Ltd Tristel PLC Volga Gas PLC WANdisco PLC Watchstone Group PLC Webis Holdings PLC Weiss Korea Opportunity Fund Ltd Wentworth Resources PLC

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

AB Dynamics PLC Adamas Finance Asia Ltd AdEPT Technology Group PLC Anglo African Oil & Gas PLC Angus Energy PLC Barkby Group (The) PLC CentralNic Group PLC Destiny Pharma PLC Diversifi ed Gas & Oil PLC DP Poland PLC Echo Energy PLC Escape Hunt PLC Filta Group Holdings PLC Hornby PLC Jangada Mines PLC Jarvis Securities PLC Katoro Gold PLC Kibo Energy PLC Learning Technologies Group PLC Malvern International PLC Metal Tiger PLC Nu-Oil and Gas PLC Pelatro PLC Phoenix Copper Ltd PHSC PLC PipeHawk PLC Plexus Holdings PLC Polarean Imaging PLC Prime People PLC Quadrise Fuels International PLC Sound Energy PLC Sunrise Resources PLC Tavistock Investments PLC Tertiary Minerals PLC TruFin PLC Vast Resources PLC Verditek PLC Water Intelligence PLC Xpediator PLC

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Altus Strategies PLC Arc Minerals Ltd Attis Oil and Gas Ltd Bluejay Mining PLC Bould Opportunities PLC Braveheart Investment Group PLC China Nonferrous Gold Ltd Condor Gold PLC Cora Gold Ltd Coro Energy PLC

ECR Minerals PLC eEnergy Group PLC Erris Resources PLC Georgian Mining Corporation Helios Underwriting PLC i3 Energy PLC Infrastrata PLC Inspirit Energy Holdings PLC Kazera Global PLC Keras Resources PLC Limitless Earth PLC Mobile Streams PLC Octagonal PLC Oriole Resources PLC Panthera Resources PLC Pires Investments PLC Plutus PowerGen PLC Randall & Quilter Investment Holdings Ltd Remote Monitored Systems PLC Renalytix AI PLC RiverFort Global Opportunities PLC SigmaRoc PLC Two Shields Investments PLC UniVision Engineering Ltd VR Education Holdings PLC Woodbois Ltd

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Alba Mineral Resources PLC Arcontech Group PLC Argentex Group PLC B90 Holdings PLC Catenae Innovation PLC CloudCoCo Group PLC Croma Security Solutions Group PLC DeepMatter Group PLC Deltex Medical Group PLC Egdon Resources PLC eve Sleep PLC Fletcher King PLC HML Holdings PLC Immedia Group PLC ImmuPharma PLC MediaZest PLC Metals Exploration PLC Michelmersh Brick Holdings PLC Ormonde Mining PLC Panoply Holdings (The) PLC Panther Securities PLC Parkmead Group (The) PLC SRT Marine Systems PLC Sutton Harbour Group PLC Tern PLC Urban Logistics REIT PLC

AUDITORS

18 Corporate Advisers Rankings Guide

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Active Energy Group PLC Adams PLC Baron Oil PLC Big Sofa Technologies Group PLC Concepta PLC Dewhurst PLC dotDigital Group PLC Integumen PLC MobilityOne Ltd New Trend Lifestyle Group PLC Nostra Terra Oil & Gas Company PLC Open Orphan PLC OptiBiotix Health PLC PowerHouse Energy Group PLC REACT Group PLC SkinBioTherapeutics PLC Sosandar PLC Stanley Gibbons Group (The) PLC Windar Photonics PLC Zibao Metals Recycling Holdings PLC

CHAPMAN DAVIS LLP 2 Chapel Court Borough High Street London SE1 1HH T: +44 (0)20 7357 6008

HAYSMACINTYRE LLP 10 Queen Street Place London EC4R 1AG T: +44 (0)20 7969 5500

UHY HACKER YOUNG Quadrant House 4 Thomas More Square London E1W 1YW T: +44 (0)20 7216 4600

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

Bioventix PLC cloudBuy PLC Hardide PLC Management Resource Solutions PLC One Media iP Group PLC Volvere PLC

MOORE KINGSTON SMITH LLP Devonshire House 60 Goswell Road London EC1M 7AD T: +44 (0)20 7566 4000

SAFFERY CHAMPNESS 71 Queen Victoria Street London EC4V 4BE T: +44 (0)20 7841 4000

COOPER PARRY GROUP LTD Sky View Argosy Road East Midlands Airport Derby DE74 2SA T: +44 (0)1332 411 163

SHIPLEYS LLP 10 Orange Street Haymarket London WC2H 7DQ T: +44 (0)20 7312 0000

AUDITORS

19Corporate Advisers Rankings Guide

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AUDITORS

20 Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - BDO 38 (36)

2 (2) - PRICEWATERHOUSECOOPERS 20 (22)

3 (3) - EY 19 (19)

4 (4) - KPMG 18 (18)

5 (5) - PKF LITTLEJOHN 16 (15)

6 (6) - DELOITTE 13 (14)

7 (7) - CHAPMAN DAVIS 9 (9)

7 (7) - CROWE 9 (9)

7 (7) - GRANT THORNTON UK 9 (9)

7 (7) - RSM 9 (9)

11 (12) ▲ MAZARS 3 (2)

11 (11) - NEXIA SMITH & WILLIAMSON 3 (4)

11 (12) ▲ UHY HACKER YOUNG 3 (2)

Basic Materials Clients* * Please see Methodology for new sectors

Number of clients

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

Antofagasta PLC Bodycote PLC Centamin PLC Griffi n Mining Ltd Johnson Matthey PLC JSC NAC Kazatomprom Mondi PLC Novolipetsk Steel Orosur Mining Inc Pan African Resources PLC PJSC Magnitogorsk Iron & Steel Works Pure Gold Mining Inc. RHI Magnesita N.V. Rio Tinto PLC Sirius Minerals PLC Synthomer PLC Trans-Siberian Gold PLC Versarien PLC Victrex PLC Zotefoams PLC

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Altus Strategies PLC Arc Minerals Ltd Bluejay Mining PLC Chesterfi eld Resources PLC China Nonferrous Gold Ltd Condor Gold PLC Cora Gold Ltd ECR Minerals PLC Emmerson PLC Erris Resources PLC Georgian Mining Corporation Kavango Resources PLC Keras Resources PLC Oriole Resources PLC Panthera Resources PLC Pembridge Resources PLC

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

CHAPMAN DAVIS LLP 2 Chapel Court Borough High Street London SE1 1HH T: +44 (0)20 7357 6008

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

Anglo African Oil & Gas PLC Jangada Mines PLC Katoro Gold PLC Kibo Energy PLC Phoenix Copper Ltd Quadrise Fuels International PLC Sunrise Resources PLC Tertiary Minerals PLC Vast Resources PLC

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Avocet Mining PLC Biome Technologies PLC Chamberlin PLC Eurasia Mining PLC Landore Resources Ltd MS International PLC PJSC PhosAgro Rockfi re Resources PLC Tricorn Group PLC

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Alba Mineral Resources PLC Metals Exploration PLC Ormonde Mining PLC

UHY HACKER YOUNG Quadrant House 4 Thomas More Square London E1W 1YW T: +44 (0)20 7216 4600

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

Hardide PLC

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Zibao Metals Recycling Holdings PLC

AUDITORS

21Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 73 (78)

2 (2) - KPMG 46 (47)

3 (3) - BDO 42 (41)

4 (4) - DELOITTE 39 (40)

5 (5) - EY 37 (37)

6 (6) - GRANT THORNTON UK 13 (14)

7 (7) - RSM 11 (11)

8 (9) ▲ JEFFREYS HENRY 5 (5)

8 (8) - MAZARS 5 (6)

10 - ▲ CROWE 4 -

10 (10) - HAYSMACINTYRE 4 (4)

10 (11) ▲ NEXIA SMITH & WILLIAMSON 4 (3)

13 (11) ▼ MHA MACINTYRE HUDSON 3 (3)

13 (11) ▼ PKF FRANCIS CLARK 3 (3)

13 (11) ▼ UHY HACKER YOUNG 3 (3)

Consumer Discretionary & Consumer Staples Clients* * Please see Methodology for new sectors

Number of clients

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

AA PLC Air Partner PLC Applegreen PLC ASOS PLC Bakkavor Group PLC boohoo group PLC Burberry Group PLC Carnival PLC Centaur Media PLC Churchill China PLC Cineworld Group PLC Coca-Cola HBC AG Countryside Properties PLC Cranswick PLC Crest Nicholson Holdings PLC Daily Mail and General Trust PLC Dairy Farm International Holdings Ltd Diageo PLC Domino's Pizza Group PLC DP Eurasia N.V. Dunelm Group PLC easyJet PLC Ebiquity PLC Edita Food Industries S.A.E Euromoney Institutional Investor PLC Finsbury Food Group PLC Future PLC Games Workshop Group PLC Haynes Publishing Group PLC Headlam Group PLC Hilton Food Group PLC Huntsworth PLC IG Design Group PLC Kerry Group PLC Kin and Carta PLC LG Electronics Inc Loungers PLC Mandarin Oriental International Ltd McBride PLC MJ Gleeson PLC Morrison (Wm) Supermarkets PLC Motorpoint Group PLC MySale Group PLC NAHL Group PLC Next PLC

O'Key Group SA Origin Enterprises PLC Pearson PLC Pebble Group (The) PLC Pittards PLC Premier Veterinary Group PLC PureCircle Ltd Reach PLC Revolution Bars Group PLC Ros Agro PLC S4 Capital PLC ScS Group PLC Sportech PLC STV Group PLC Team17 Group PLC Ten Entertainment Group PLC TI Fluid Systems PLC Time Out Group PLC Topps Tiles PLC Toyota Motor Corporation Uniphar PLC Vertu Motors PLC Vistry Group PLC Vivo Energy PLC Walker Greenbank PLC WH Smith PLC Wizz Air Holdings PLC YouGov PLC

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

City Pub Group (The) PLC Codemasters Group Holdings PLC Dods Group PLC Fuller, Smith & Turner PLC GlobalData PLC Jaywing PLC Mothercare PLC Quarto Group (The) Inc. Safestay PLC Victoria PLC Wetherspoon (J.D.) PLC Wilmington PLC Zambeef Products PLC

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Grand Vision Media Holdings PLC Integumen PLC New Trend Lifestyle Group PLC Sosandar PLC Stanley Gibbons Group (The) PLC

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

Barkby Group (The) PLC DP Poland PLC Escape Hunt PLC Hornby PLC

HAYSMACINTYRE LLP 10 Queen Street Place London EC4R 1AG T: +44 (0)20 7969 5500

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

B90 Holdings PLC Catenae Innovation PLC eve Sleep PLC MediaZest PLC

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Bould Opportunities PLC Woodbois Ltd

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

One Media iP Group PLC

AUDITORS

22 Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - BDO 28 (27)

2 (2) - EY 20 (21)

3 (4) ▲ DELOITTE 19 (19)

4 (2) ▼ PRICEWATERHOUSECOOPERS 18 (21)

5 (5) - KPMG 15 (17)

6 (6) - CROWE 12 (11)

7 (7) - GRANT THORNTON UK 10 (10)

8 (8) - PKF LITTLEJOHN 7 (6)

9 (9) - JEFFREYS HENRY 5 (5)

10 (10) - UHY HACKER YOUNG 4 (4)

11 (11) - CHAPMAN DAVIS 3 (3)

12 - ▲ BENTLEYS 2 -

12 (12) - NEXIA SMITH & WILLIAMSON 2 (2)

Energy Clients* * Please see Methodology for new sectors

Number of clients

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

Bahamas Petroleum Company PLC Cairn Energy PLC Genel Energy PLC IGas Energy PLC Jersey Oil and Gas PLC MC Mining Ltd Oil & Gas Development Co Ltd (J) PAO Novatek Phoenix Global Resources PLC PV Crystalox Solar PLC Regal Petroleum PLC Rockhopper Exploration PLC RockRose Energy PLC Schlumberger Ltd SDX Energy PLC Tatneft PJSC Trinity Exploration & Production PLC Velocys PLC

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

Angus Energy PLC Curzon Energy PLC Diversifi ed Gas & Oil PLC Echo Energy PLC Hardy Oil & Gas PLC Nu-Oil and Gas PLC Pennpetro Energy PLC Plexus Holdings PLC Sound Energy PLC Upland Resources Ltd Verditek PLC Xplorer PLC

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

AFC Energy PLC Enteq Upstream PLC EQTEC PLC Gazprom PJSC GETECH Group PLC Indus Gas Ltd

Inspired Energy PLC ITM Power PLC Savannah Petroleum PLC Spitfi re Oil Ltd

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Attis Oil and Gas Ltd Coro Energy PLC eEnergy Group PLC i3 Energy PLC Predator Oil & Gas Holdings PLC Zenith Energy Ltd Zoetic International PLC

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Active Energy Group PLC Baron Oil PLC Nostra Terra Oil & Gas Company PLC PowerHouse Energy Group PLC Thalassa Holdings Ltd

UHY HACKER YOUNG Quadrant House 4 Thomas More Square London E1W 1YW T: +44 (0)20 7216 4600

CHAPMAN DAVIS LLP 2 Chapel Court Borough High Street London SE1 1HH T: +44 (0)20 7357 6008

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Egdon Resources PLC Parkmead Group (The) PLC

AUDITORS

23Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 127 (132)

2 (3) ▲ EY 120 (122)

3 (2) ▼ KPMG 119 (128)

4 (4) - BDO 108 (102)

5 (5) - DELOITTE 92 (90)

6 (6) - GRANT THORNTON UK 29 (28)

7 (7) - PKF LITTLEJOHN 23 (23)

8 (8) - CROWE 19 (19)

9 (9) - RSM 15 (15)

10 (10) - UHY HACKER YOUNG 10 (10)

11 (11) - HAYSMACINTYRE 7 (6)

12 (13) ▲ JEFFREYS HENRY 6 (5)

13 (11) ▼ BAKER TILLY CI AUDIT 5 (6)

13 (13) - HAZLEWOODS 5 (5)

13 (13) - MAZARS 5 (5)

13 (13) - NEXIA SMITH & WILLIAMSON 5 (5)

17 (19) ▲ JOHNSTON CARMICHAEL 4 (2)

18 (17) ▼ MOORE STEPHENS UK 3 (3)

19 (19) - CHAPMAN DAVIS 2 (2)

19 (19) - REES POLLOCK 2 (2)

19 (19) - SHIPLEYS 2 (2)

Financials & Real Estate Clients* * Please see Methodology for new sectors

Number of clients

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

APi Group Corporation Aquila European Renewables Income Fund PLC Aquis Exchange PLC Arix Bioscience PLC Artemis Alpha Trust PLC Atlantis Japan Growth Fund Ltd Augmentum Fintech PLC Aviva PLC Baillie Gifford UK Growth Fund PLC Banco Santander, S.A. Bank of Cyprus Holdings PLC BankMuscat (SAOG) Belvoir Group PLC BioPharma Credit PLC BlackRock Latin American Investment Trust PLC BlackRock North American Income Trust PLC BlackRock Smaller Companies Trust PLC BlackRock Throgmorton Trust PLC BlackRock World Mining Trust PLC BMO Capital & Income Investment Trust PLC BMO Commercial Property Trust Ltd BMO Real Estate Investments Ltd Boot (Henry) PLC British Land Company PLC Brooks Macdonald Group PLC Brunner Investment Trust (The) PLC Canadian General Investments Ltd Capital & Counties Properties PLC Capital Gearing Trust PLC City Merchants High Yield Trust Ltd City of London Investment Trust (The) PLC Civitas Social Housing PLC Close Brothers Group PLC CMC Markets PLC Commercial International Bank (Egypt) SAE (J)

Countrywide PLC Craneware PLC Curtis Banks Group PLC Derwent London PLC Draper Esprit PLC Drum Income Plus REIT PLC Edinburgh Investment Trust (The) PLC European Assets Trust PLC European Opportunities Trust PLC FastForward Innovations Ltd FBD Holdings PLC Finsbury Growth & Income Trust PLC Gabelli Merger Plus+ Trust PLC Gabelli Value Plus+ Trust PLC GCP Asset Backed Income Fund Ltd Grit Real Estate Income Group Ltd Guaranty Trust Bank PLC Hammerson PLC Hansa Investment Company Ltd Hansard Global PLC Hargreaves Lansdown PLC Harworth Group PLC Henderson High Income Trust PLC Highbridge Tactical Credit Fund Ltd Hipgnosis Songs Fund Ltd Hiscox Ltd Honeycomb Investment Trust PLC Hongkong Land Holdings Ltd HSBC Holdings PLC IG Group Holdings PLC International Biotechnology Trust PLC Invesco Enhanced Income Ltd JPEL Private Equity Ltd JPMorgan Asian Investment Trust PLC JPMorgan Global Core Real Assets Ltd JPMorgan Indian Investment Trust PLC JPMorgan Japanese Investment Trust PLC JPMorgan Mid Cap Investment Trust PLC JPMorgan Multi-Asset Trust PLC JTC PLC Jupiter Fund Management PLC Keystone Investment Trust PLC Landscape Acquisition Holdings Ltd Lindsell Train Investment Trust (The) PLC Liontrust Asset Management PLC Lloyds Banking Group PLC Marwyn Value Investors Ltd Mercantile Investment Trust (The) PLC Metro Bank PLC Miton Global Opportunities PLC Mobius Investment Trust PLC Murray Income Trust PLC

NB Global Floating Rate Income Fund Ltd NewRiver REIT PLC Nucleus Financial Group PLC Numis Corporation PLC Octopus Renewables Infrastructure Trust PLC Pacifi c Alliance China Land Ltd Permanent tsb Group Holdings PLC Personal Assets Trust PLC Plus500 Ltd PME African Infrastructure Opportunities PLC Polar Capital Global Financials Trust PLC Polar Capital Global Healthcare Trust PLC Pollen Street Secured Lending PLC Princess Private Equity Holding Ltd Record PLC River and Mercantile UK Micro Cap Inv. Co. Ltd Safe Harbour Holdings PLC Sanne Group PLC Savills PLC Sberbank of Russia Schroder European Real Estate Inv. Trust PLC Schroder Oriental Income Fund Ltd Scottish Investment Trust (The) PLC Scottish Mortgage Investment Trust PLC SDCL Energy Effi ciency Income Trust PLC Segro PLC SME Credit Realisation Fund Ltd St James's Place PLC Starwood European Real Estate Finance Ltd TBC Bank Group PLC TCS Group Holding PLC Troy Income & Growth Trust PLC Tufton Oceanic Assets Ltd TwentyFour Income Fund Ltd TwentyFour Select Monthly Income Fund Ltd U and I Group PLC VinaCapital Vietnam Opportunity Fund Ltd VPC Specialty Lending Investments PLC Wilmcote Holdings PLC Worldwide Healthcare Trust PLC

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Aberdeen Frontier Markets Investment Co. Ltd ADVFN PLC Allianz Technology Trust PLC Alternative Liquidity Fund Ltd Aurora Investment Trust PLC Ceiba Investments Ltd Downing Strategic Micro-Cap Inv. Trust PLC Ediston Property Investment Company PLC EverArc Holdings Ltd Henderson Alternative Strategies Trust PLC Henderson International Income Trust PLC HgCapital Trust PLC Invesco Perpetual Select Trust PLC IRF European Finance Investments Ltd JPMorgan Japan Smaller Companies Trust PLC JPMorgan US Smaller Companies IT PLC Life Settlement Assets PLC Livermore Investments Group Ltd Marlowe PLC Menhaden PLC MXC Capital Ltd Pembroke VCT PLC Real Estate Investors PLC Reconstruction Capital II Ltd Schroder UK Public Private Trust PLC Value & Income Trust PLC Vordere PLC Witan Investment Trust PLC World Trade Systems PLC

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Alpha Growth PLC Anglo African Agriculture PLC Argo Blockchain PLC Braveheart Investment Group PLC BSF Enterprise PLC Cobra Resources PLC Dukemount Capital PLC Global Resources Investment Trust PLC Helios Underwriting PLC Investment Company (The) PLC Limitless Earth PLC London Finance & Investment Group PLC Mila Resources PLC Path Investments PLC Pires Investments PLC Plutus PowerGen PLC Randall & Quilter Investment Holdings Ltd RiverFort Global Opportunities PLC Rockpool Acquisitions PLC Spinnaker Opportunities PLC Sure Ventures PLC Trident Resources PLC Two Shields Investments PLC

AUDITORS

24 Corporate Advisers Rankings Guide

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

Adamas Finance Asia Ltd Aquila Services Group PLC Aseana Properties Ltd Bermele PLC Blencowe Resources PLC Cardiff Property (The) PLC Challenger Acquisitions Ltd Contango Holdings PLC daVictus PLC Fragrant Prosperity Holdings Ltd Grand Fortune High Grade Ltd Jarvis Securities PLC MENA Land PLC Metal Tiger PLC RDL Realisation PLC Tavistock Investments PLC TruFin PLC UAE Oil Services PLC Vertu Capital Ltd

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

UHY HACKER YOUNG Quadrant House 4 Thomas More Square London E1W 1YW T: +44 (0)20 7216 4600

HAYSMACINTYRE LLP 10 Queen Street Place London EC4R 1AG T: +44 (0)20 7969 5500

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Adams PLC Fandango Holdings PLC Local Shopping REIT (The) PLC Papillon Holdings PLC REACT Group PLC Stranger Holdings PLC

BAKER TILLY CI AUDIT LIMITED Mont Crevelt House Bulwer Avenue St Sampson Guernsey T: +44 (0)1481 245 244

HAZLEWOODS LLP Windsor House Bayshill Road Cheltenham GL50 3AT T: +44 (0)1242 237 661

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Argentex Group PLC Fletcher King PLC HML Holdings PLC Panther Securities PLC Urban Logistics REIT PLC

MOORE STEPHENS UK 1 Hill Street London W1J 5LA T: +44 (0)20 7334 9191 F: +44 (0)20 7248 3408 www.moorestephens.co.uk

CHAPMAN DAVIS LLP 2 Chapel Court Borough High Street London SE1 1HH T: +44 (0)20 7357 6008

REES POLLOCK 35 New Bridge Street London EC4V 6BW T: +44 (0)20 7778 7200

SHIPLEYS LLP 10 Orange Street Haymarket London WC2H 7DQ T: +44 (0)20 7312 0000

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

Volvere PLC

AUDITORS

25Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 24 (25)

2 (2) - KPMG 19 (19)

3 (3) - GRANT THORNTON UK 13 (13)

4 (4) - BDO 9 (10)

5 (5) - DELOITTE 8 (9)

6 (6) - RSM 7 (7)

7 (6) ▼ EY 6 (7)

8 (8) - JEFFREYS HENRY 4 (4)

9 (9) - CROWE 3 (2)

10 (9) ▼ MAZARS 2 (2)

10 (9) ▼ NEXIA SMITH & WILLIAMSON 2 (2)

10 (9) ▼ PKF LITTLEJOHN 2 (2)

10 (9) ▼ RPG CROUCH CHAPMAN 2 (2)

10 (9) ▼ SAFFERY CHAMPNESS 2 (2)

10 (9) ▼ SHIPLEYS 2 (2)

Health Care Clients* * Please see Methodology for new sectors

Number of clients

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

Abcam PLC Animalcare Group PLC AstraZeneca PLC Cello Health PLC Circassia Pharmaceuticals PLC Clinigen Group PLC Dechra Pharmaceuticals PLC Diaceutics PLC Diurnal Group PLC EKF Diagnostics Holdings PLC Faron Pharmaceuticals Oy Fusion Antibodies PLC Hikma Pharmaceuticals PLC Hutchison China Meditech Ltd Immunodiagnostic Systems Holdings PLC Indivior PLC Inspiration Healthcare Group PLC Mediclinic International PLC Motif Bio PLC ReNeuron Group PLC Sensyne Health PLC Silence Therapeutics PLC Summit Therapeutics PLC Verona Pharma PLC

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Allergy Therapeutics PLC Amryt Pharma PLC AorTech International PLC Cambridge Cognition Holdings PLC CareTech Holdings PLC IXICO PLC LiDCO Group PLC Medica Group PLC Oncimmune Holdings PLC Ovoca Bio PLC Oxford BioDynamics PLC SDI Group PLC Venture Life Group PLC

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Concepta PLC Open Orphan PLC OptiBiotix Health PLC SkinBioTherapeutics PLC

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

Destiny Pharma PLC Iconic Labs PLC Polarean Imaging PLC

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Deltex Medical Group PLC ImmuPharma PLC

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Hemogenyx Pharmaceuticals PLC Renalytix AI PLC

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

Bioventix PLC

AUDITORS

26 Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (1) - PRICEWATERHOUSECOOPERS 51 (53)

2 (2) - KPMG 50 (52)

3 (3) - DELOITTE 30 (31)

4 (4) - BDO 29 (30)

5 (5) - GRANT THORNTON UK 25 (26)

6 (6) - EY 18 (19)

7 (7) - RSM 13 (12)

8 (8) - CROWE 7 (7)

9 (9) - PKF LITTLEJOHN 6 (5)

10 (10) - MAZARS 4 (4)

10 (10) - NEXIA SMITH & WILLIAMSON 4 (4)

12 (13) ▲ COOPER PARRY GROUP 2 (2)

12 (12) - HAYSMACINTYRE 2 (3)

12 - ▲ JEFFREYS HENRY 2 -

12 (13) ▲ MOORE KINGSTON SMITH 2 (2)

12 - ▲ PRICE BAILEY 2 -

12 (13) ▲ SAFFERY CHAMPNESS 2 (2)

Industrials Clients* * Please see Methodology for new sectors

Number of clients

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

Accsys Technologies PLC AssetCo PLC Babcock International Group PLC Bunzl PLC China New Energy Ltd Clarke (T.) PLC Clarkson PLC Compagnie de Saint-Gobain SA (J) Costain Group PLC Diploma PLC Eddie Stobart Logistics PLC Electrocomponents PLC Equiniti Group PLC Essentra PLC Eurocell PLC Fox Marble Holdings PLC G4S PLC Gama Aviation PLC Gattaca PLC Global Ports Investments PLC Globaltrans Investment PLC Grafton Group PLC GYG PLC Halma PLC Hays PLC Intertek Group PLC Jardine Matheson Holdings Ltd Jardine Strategic Holdings Ltd Johnson Service Group PLC Kier Group PLC London Security PLC Meggitt PLC Nexus Infrastructure PLC Norcros PLC Northgate PLC Novorossiysk Commercial Sea Port PJSC NWF Group PLC PJSC TransContainer QinetiQ Group PLC RedT Energy PLC Restore PLC Rolls-Royce Holdings PLC

RWS Holdings PLC SThree PLC Strix Group PLC Tyman PLC Vesuvius PLC Volex PLC Vp PLC Weir Group PLC XP Power Ltd

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Andrews Sykes Group PLC Ashley House PLC Avingtrans PLC

Billington Holdings PLC Checkit PLC Flowtech Fluidpower PLC Gateley (Holdings) PLC Holders Technology PLC iEnergizer Ltd Judges Scientifi c PLC LPA Group PLC Mears Group PLC Mercantile Ports and Logistics Ltd Midwich Group PLC Modern Water PLC Mpac Group PLC Norish PLC PCI-PAL PLC Pressure Technologies PLC Staffl ine Group PLC Thruvision Group PLC Transense Technologies PLC Velocity Composites PLC Vianet Group PLC Xeros Technology Group PLC

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

AB Dynamics PLC Filta Group Holdings PLC Malvern International PLC PHSC PLC Prime People PLC Water Intelligence PLC Xpediator PLC

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Inspirit Energy Holdings PLC Kazera Global PLC Octagonal PLC Remote Monitored Systems PLC SigmaRoc PLC UniVision Engineering Ltd

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Croma Security Solutions Group PLC Michelmersh Brick Holdings PLC SRT Marine Systems PLC Sutton Harbour Group PLC

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

MobilityOne Ltd Windar Photonics PLC

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

Management Resource Solutions PLC

AUDITORS

27Corporate Advisers Rankings Guide

RANK AUDITOR FEB ‘20 NOV ‘19 1 (2) ▲ KPMG 23 (22)

2 (3) ▲ BDO 20 (20)

3 (1) ▼ GRANT THORNTON UK 19 (25)

4 (4) - PRICEWATERHOUSECOOPERS 17 (16)

5 (5) - RSM 12 (11)

6 (6) - EY 9 (10)

7 (7) - DELOITTE 7 (8)

8 (8) - CROWE 6 (6)

9 (9) - MAZARS 5 (5)

10 (12) ▲ NEXIA SMITH & WILLIAMSON 4 (2)

10 (9) ▼ PKF LITTLEJOHN 4 (5)

12 (11) ▼ JEFFREYS HENRY 3 (3)

Technology Clients* * Please see Methodology for new sectors

Number of clients

KPMG 15 Canada Square Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 www.home.kpmg.com/uk

BDO LLP 55 Baker Street London W1U 7EU T: +44 (0)20 7486 5888

GRANT THORNTON UK LLP 30 Finsbury Square London EC2P 2YU T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

Abal Group PLC Altitude Group PLC Aptitude Software Group PLC Beeks Financial Cloud Group PLC Brave Bison Group PLC Concurrent Technologies PLC Elecosoft PLC Ingenta PLC Instem PLC IQGEO Group PLC LoopUp Group PLC Netcall PLC Online Blockchain PLC Parity Group PLC Pebble Beach Systems Group PLC Quartix Holdings PLC Rosslyn Data Technologies PLC ULS Technology PLC Zoo Digital Group PLC

PRICEWATERHOUSECOOPERS 7 More London Riverside London SE1 2RT T: +44 (0)20 7583 5000 www.pwc.com

1Spatial PLC Actual Experience PLC Blancco Technology Group PLC Cerillion PLC discoverIE Group PLC Eckoh PLC FDM Group (Holdings) PLC Funding Circle Holdings PLC Gooch & Housego PLC IMImobile PLC Intercede Group PLC International Business Machines Corporation Mirriad Advertising PLC Nanoco Group PLC Samsung Electronics Co Ltd Thorpe (F.W.) PLC Touchstar PLC

RSM 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000

EY 25 Churchill Place Canary Wharf London E14 5EY T: +44 (0)20 7951 2000

DELOITTE LLP 2 New Street Square London EC4A 3BZ T: +44 (0)20 7936 3000

CROWE St Bride's House 10 Salisbury Square London EC4Y 8EH T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 www.crowe.co.uk

CentralNic Group PLC Learning Technologies Group PLC National World PLC Orient Telecoms PLC Pelatro PLC PipeHawk PLC

NEXIA SMITH & WILLIAMSON 25 Moorgate London EC2R 6AY T: +44 (0)20 7131 4000 F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Arcontech Group PLC DeepMatter Group PLC Panoply Holdings (The) PLC Tern PLC

PKF LITTLEJOHN LLP 15 Westferry Circus Canary Wharf London E14 4HD T: +44 (0)20 7516 2200 F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com

Dev Clever Holdings PLC IQ-AI Ltd Sealand Capital Galaxy Ltd VR Education Holdings PLC

JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street London EC1V 9EE T: +44 (0)20 7309 2222 F: +44 (0)20 7309 2309 www.jeff reyshenry.com

Big Sofa Technologies Group PLC Dewhurst PLC dotDigital Group PLC

JAMES COWPER KRESTON Reading Bridge House George Street Reading Berkshire RG1 8LS T: +44 (0)118 959 0261 www.jamescowperkreston.co.uk

cloudBuy PLC