GRANT THORTON SURVEY ON PROFESSIONAL FIRMS: Company Profile
(Editor’s Note. With the cessation of the Wind2 survey we used to summarize each year we were very happy to find a couple of years ago Grant Thorton’s Annual Government Contractor Industry Survey that benchmarks primarily professional services firms. The 14th Annual GT survey for 2008 provides a variety of very useful information. You can contact the firm at 703-8477515 to purchase a copy of the survey.)
Company Profile
81% of the approximately 120 surveyed firms are privately owned, 13% are publicly traded and 6% are not-for-profit concerns. 47% of the companies are classified as large and 47% as small where 27% had sales less than $10M, 12% between $10M-20M, 30% between $20M-50M, 15% between $50M-100M and 16% over $100M. The primary customer of the respondents is the federal government where 90% of the revenue comes from the federal government. 65% of their revenue came from the Defense Department, 25% from other federal agencies while 6% came from state and local government and 4% was commercial. 55% of respondents had increased revenue over the prior year, 27% had no significant change while 18% had reductions. 29% of the companies have been in business between 1-10 years, 29% for 11-20 years, 18% for 21-30 years and 24% over 30 years.
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