News

BDO’s response to the CMA’s final report on the statutory audit market

In response to today’s final report from the Competition and Markets Authority (CMA) to address competition problems in the UK audit industry, Scott Knight, head of audit at BDO LLP, said:“Our biggest concern would be no change, and the CMA is certainly tackling that with these radical proposals....

Real estate and construction firms are fastest are fastest growing in Sussex, Surrey and Kent

Sector accounts for more than 25 per cent of the region’s fastest growing firms

UK hotel performance defies Brexit uncertainty as occupancy levels reach record high

UK hotels experience ninth consecutive year of growthLondon hotels’ performance outstrips regional hotel marketVisitor numbers set to increase as experts predict a solid year of growth and investment for hotel industry UK hotels have experienced their ninth consecutive year of growth, with...

Business confidence crashes to lowest point since 2012

Business sentiment weaker than post-referendum lowWorst monthly drop in optimism index since November 2008Business output growth steady, but artificially-inflated by record stockpiling

High street struggles to gain ground as retail woes heighten

No catching up for retailers as shoppers put discretionary spend on holImproved conditions fail to offset impact of ‘Beastly’ like-for-like salesA mere +4.8% rise in in-store sales proved dire for high street retailers trying to rebound from a brutal base of -10.1% for March last year, figures...

BDO’s response to the BEIS Future of Audit report

In response to today’s “Future of Audit” report published by the Business, Energy and Industrial Strategy (BEIS) Committee, Scott Knight, head of audit at BDO LLP, said:“We are pleased the BEIS Select Committee supports the introduction of a market cap on the number of FTSE 350 audits that any...

113,000 directors over retirement age still running a business as many fail to sell their business

BDO advises on successful MBO of GBA Group Limited

BDO M&A has advised on the successful management buyout of GBA Group Limited (GBA), backed by a minority investment from Towerbrook Capital Partners.

Double win for BDO at the IJ Global Awards

BDO LLP’s Financial Model Assurance (FMA) team’s leading position in the global infrastructure and project finance model audit market has been further consolidated with a double success at the IJ Global Awards.