During his first term as Managing Partner, Paul oversaw BDO’s successful merger with Moore Stephens LLP, which created the UK’s largest accountancy firm focused on mid-sized entrepreneurially-spirited businesses following its completion in February 2019. Last year, the enlarged firm increased revenues by 25% to total £578m, having driven organic growth of 15%.
Under his leadership and purpose-driven strategy, BDO has cemented its market position as the leading auditor to AIM-listed companies. The firm has also been an active voice in the ongoing audit reform debate, calling for a cap on the number of companies that any one firm can audit. BDO’s FTSE 250 audit client base now stands at 17, having trebled in the last year. This upward trajectory is expected to continue as more main market companies turn to challenger firms as they realise size is not a proxy for quality and to avert conflicts of interest.
Paul joined BDO straight from school 33 years ago and has been a member of the firm’s Leadership Team since 2008. Prior to assuming the role of Managing Partner in October 2016, he held senior positions including Head of Tax, Head of Audit, and Head of Professional Services.
Commenting on Paul’s re-election, Senior Partner Matthew White said:
“During this global public health and economic emergency, we need strong, thoughtful and purpose-driven leaders to guide us. As a partnership, we agree on this – and we also agree that Paul Eagland is the right person to lead our firm for the next four years.
“In particular, his innovative thinking and collaborative management style has just led the firm through a landmark year, with the Moore Stephens merger boosting sustained organic growth to create the UK’s largest accountancy challenger firm.”
Paul Eagland, Managing Partner at BDO LLP, said:
“I’m proud of the continued success of our firm and our people. Together, we have created a leading accountancy offering for the UK’s mid-sized businesses.
“During the global outbreak of COVID-19, my immediate priority is to lead the business through the public health crisis to protect what we have achieved and to prepare us for the future. This will include ensuring all 5,500 of our people are safe and able to work productively and remotely.
“We entered this economic crisis with exceptional people, a strong culture, and an impressive record of helping our clients to succeed. As the economy enters an extraordinarily challenging and uncertain time, we will pull on all the talents of BDO’s workforce to support our clients and to champion the mid-market, which we’re confident will remain the economic engine of the UK.
“Our longer-term ambitions include continuing to make significant investments in our audit practice, with a particular focus on training and technology to maintain and improve quality. Across all of our service lines, my guiding principle is to continue to ‘get things right’ for our clients and for our people, while working closely alongside BDO’s $9.6bn global network.”
Note to editors
Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.
Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy.
We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.
BDO LLP operates in 17 locations across the UK, employing nearly 5,500 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.
BDO’s global network
The BDO global network provides business advisory services in 167 countries, with 88,000 people working out of 1,800 offices worldwide. It has revenues of $9.6bn.
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