P.G. Economides

What P.G. Economides does

P.G. Economides & Co Ltd, operating as PGE&Co, is a privately held professional services firm headquartered in Limassol, Cyprus, at 30 Gr. Xenopoulou Street. Founded in 1972 in London by Peter G. Economides and subsequently relocated to Cyprus, the firm provides a unified suite of audit, tax, advisory, consolidation, payroll, and bookkeeping services, primarily regulated and delivered under International Standards on Auditing (ISAs) and International Financial Reporting Standards (IFRS). The firm uses CaseWare Working Papers and Audit International tools alongside Cyprus-specific computerized accounting software, but its offering is services-led rather than technology-led.

The firm serves three primary client segments: global corporations with cross-border operations, Cyprus-domiciled local companies, and international high-net-worth individuals seeking Cyprus tax-residency solutions, with a secondary focus on tech companies relocating to Cyprus. Engagement is direct and relationship-based, delivered by a team of 40+ qualified professionals holding ACCA, ICAEW, and ICPAC credentials. The firm is a member of ICPAC and holds ACCA Platinum Approved Employer status (upgraded from Gold in 2024).

In 2023, a full C-suite transition was completed with Andry Panteli appointed CEO, Neophytos Sofocleous as COO, and Maria Panteli Neophytou as CCO, while the founder remained Chairman. In 2024, the firm executed a comprehensive rebrand to PGE&Co, launched a redesigned website and The BRIEFCASE newsletter, and intensified international outreach through partnerships with UK200Group, Clarkson Hyde Global, and SMS Latinoamerica. The firm is privately held with no institutional investors, no disclosed parent company, and no M&A activity to date.

Name

P.G. Economides

Legal name

P.G. Economides & Co Limited

Website

https://pgeconomides.eu

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Privately held Cyprus-based professional services firm (PGE&Co) providing audit, tax, advisory, consolidation, payroll, and bookkeeping services to global corporations, local companies, and high-net-worth individuals since 1972, with 40+ qualified professionals.

Ownership category

akta.pro rank

Product category

Audit and Accounting Services

NAICS

Offices of Certified Public Accountants (541211)

akta.pro primary industry

Audit & Assurance Services (BPAHABAA)

akta.pro secondary industries

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF), Expense Management & T&E Audit (Employee Expenses, Corporate Cards) (BPAAAGAE)

Keywords

• Audit and assurance
• Tax compliance services
• Accounting and bookkeeping
• Financial advisory
• Payroll services

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Audit and Assurance Services: Flaghship service since 1972, providing statutory external audits, internal audits, review engagements and assurance services following International Standards of Auditing.
2. Taxation Services: Corporate and personal income tax, social security, VAT, capital gains tax, withholding taxes, and other local taxes compliance and planning.
3. Advisory Services: Bespoke advisory services including feasibility studies, business consultancy, financial due diligence, business valuations, wealth and asset protection.
4. Consolidation Services: Preparation and audit of consolidated financial statements under International Financial Reporting Standards.
5. Payroll Services: Complete payroll function including employer/employee registration, payroll calculations, tax computations, and government compliance submissions.
6. Bookkeeping Services: Recording transactions, bank reconciliations, VAT registration and submissions, and preparation of management reports.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

P.G. Economides & Co Ltd is a Cyprus-based professional services firm providing audit and assurance, taxation, advisory, consolidation, payroll, and bookkeeping services to global corporations, local companies, and international business people. Its flagship audit practice, established in 1972, follows International Standards on Auditing (ISAs) and supports clients with consolidated financial statements under IFRS, while the advisory line covers valuations, due diligence, feasibility studies, and wealth management.

Product overview

PGE&Co offers a comprehensive suite of professional services as a unified offering rather than a modular platform. The core portfolio comprises six interconnected services: Audit and Assurance (statutory audits, internal audits, review engagements), Taxation (corporate and personal tax compliance, planning, VAT), Advisory Services (business valuations, due diligence, wealth management), Consolidation Accounts (IFRS consolidated financial statements), Payroll Services, and Bookkeeping. These services are designed to work together, with bookkeeping supporting audit and tax functions, payroll integrating with tax compliance, and advisory feeding into strategic planning across all client engagements.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit and Assurance
• Taxation Comprehensive corporate and personal tax services covering income tax, social security, VAT, capital gains tax, withholding taxes, and strategic tax planning for Cyprus regulatory compliance and international structuring.
• Advisory Services Bespoke advisory services including feasibility studies, business consultancy, financial due diligence, expert business valuations, wealth management, and asset protection for entrepreneurs, professionals, and businesses.
• Consolidation Accounts Preparation and audit of consolidated financial statements for parent companies with subsidiaries and associated companies, following International Financial Reporting Standards (IFRS).
• Payroll Services Complete payroll function including employer and employee registration, payroll calculations, tax deductions, social insurance contributions, and government compliance submissions on behalf of clients.
• Bookkeeping Services Recording of financial transactions, bank reconciliations, VAT registration and submissions, monthly management reports, and annual statutory financial statements prepared under IFRS.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor.

• AventurLearning Hub LtdminorImplementation/ SI/ Consulting Partner · 14 October 2025Training provider delivering 2-day internal audit quality training program in collaboration with PGE&Co professionals, focusing on application of International Standards on Auditing.
• Cambridge University CollegesminorStrategic or Co-development Partner · 1 January 2025Host of joint conference of professional accountants and lawyers at St. John's and Jesus colleges. PGE&Co COO attended and networked with global professionals.
• Totalserve GroupminorOthers · 29 November 2024Co-organizer of charity events including 'Limassol my Love' photo exhibition benefiting Funraising Charity Association. Firms united on social responsibility initiatives in the Limassol community.
• UK200GroupminorStrategic or Co-development Partner · 13 November 2024Professional network of accounting and business advisory firms. PGE&Co COO attended and spoke at Annual Conference 2024 in Newcastle, UK, discussing Cyprus as international business hub.
• Clarkson Hyde GlobalminorStrategic or Co-development Partner · 12 September 2024International professional services network. Joint conference with SMS Latinoamerica in Madrid, Spain where PGE&Co CEO presented on Cyprus business opportunities.
• SMS LatinoamericaminorStrategic or Co-development Partner · 12 September 2024Professional services organization. Co-organizer of Madrid conference with Clarkson Hyde Global focusing on digital transformation, automation, and business relocations.
• E&G Economides LLCminorOthers · 29 April 2024Co-organizer of blood donation community events alongside PGE&Co and Totalserve, united in mission to give back to the community.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Tassos Papadopoulos & Co (TP & Co): Long-established Limassol-based audit, tax and advisory firm serving Cyprus-domiciled corporates and international clients; comparable in scale, founding era, and one-stop professional services model to PGE&Co.
• RSM Cyprus: RSM's Cyprus practice provides audit, tax, consulting and outsourcing to mid-market and international clients — a direct mid-tier network peer competing for the same Global Corporations and SME segments.
• BDO Cyprus: Member of the BDO global audit and advisory network in Cyprus, with audit, tax, IFRS consolidation, payroll and outsourcing services targeting multinationals and local groups — direct overlap with PGE&Co's full-stack offering.
• Baker Tilly Cyprus: Mid-tier international audit, tax and advisory network in Cyprus offering statutory audit, IFRS reporting, tax compliance and payroll — directly comparable service mix to PGE&Co for both local SMEs and international clients using Cyprus as a hub.
• Grant Thornton Cyprus: International mid-tier accounting and advisory firm in Cyprus serving private and listed clients with audit, tax, advisory and outsourcing — directly comparable in scale, service breadth and target client profile to PGE&Co.
• Moore Cyprus: Cyprus member of the Moore Global network offering audit, tax, advisory and outsourcing to local and international clients; another mid-tier network competitor in the same market and service set as PGE&Co.
• Mazars Cyprus: International mid-tier accounting network in Cyprus providing audit, tax, advisory, payroll and bookkeeping to corporates and HNWIs; competes head-to-head with PGE&Co for the same global-corporate and international-business-person segments.
• PKF Cyprus: Member of the PKF international network, with Cyprus audit, tax and advisory practices serving SMEs, groups and international clients — closely comparable mid-tier positioning to PGE&Co.

Broad incumbents

• Deloitte Cyprus: Big 4 firm in Cyprus providing full audit, tax, advisory and consulting services; competes for the largest global-corporate and listed-entity mandates that PGE&Co also targets, with substantially greater resources and international reach.
• KPMG Cyprus: Big 4 firm in Cyprus with a comprehensive audit, tax and advisory practice serving multinationals, financial services and large local groups — incumbent competitor for the high end of PGE&Co's target market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/p-g-economides-co-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about P.G. Economides