BDO and PKF merger completes

19 April 2013

Accountancy and business advisory firm, BDO LLP, has today announced that its merger with PKF (UK) LLP has completed. 

From today, the firm will operate as one, under the BDO brand and as part of BDO’s international network, the largest global accountancy organisation aimed at the mid-market, with revenues of over $6bn operating in 138 countries worldwide.

The merged firm is a leading accountancy and business advisory firm generating revenues approaching £400million. It boasts a transformed regional network, employing 3,500 people across 24 UK locations.

Simon Michaels, Managing Partner of BDO LLP, said: “It’s time for people to think again about BDO. Merging with a firm of the quality and size of PKF has created one of the strongest firms focused on the mid-market, with the breadth and depth to work with ambitious businesses that want exceptional service and access to impressive UK and worldwide networks. We’ve got talented people, an ambition to grow from this position of strength and firm financial foundations. We’re proud to be at the forefront of the change in the market and, with the Competition Commission reporting back on its remedies to the FTSE 350 audit market, we will also be looking for opportunities to work with more FTSE listed businesses than ever before.”

Commenting further, Michaels added: “The merger has transformed our national market presence overnight, but the hard work starts now. Everyone is now focused on building on our ambitions still further and responding quickly to the domestic and international environment. We also remain focused on delivering exceptional service to our clients and creating the right environment for our people to develop and grow.”

About BDO LLP, the merged firm

  • 3,500 people, including 300 partners
  • Revenues approaching £400m
  • 24 office locations across London, South East, Southern, South West & Wales, East Anglia, Eastern, West Midlands, East Midlands, Yorkshire & Humber, North West and Scotland
  • Mid-market sector leadership in almost all areas, including retail, natural resources, TMT and financial services
  • Leading adviser for AIM businesses
  • Within a $6bn global network, providing much-needed, greater choice in the market for larger businesses
  • A place where talented people can develop their careers and contribute to building the business

- Ends -

 

Notes to editors

 Accountancy and business advisory firm, BDO LLP, is the UK member firm of the BDO International network. BDO LLP has recently merged with PKF (UK) LLP to form a new force in the mid-market. The firm now employs 3,500 people across 24 UK locations, generating revenues approaching £400m.

The combined fee income of all the BDO Member Firms, including the members of their exclusive alliances, was $6.015 billion in 2012. The global network provides business advisory services in 138 countries, with almost 55,000 people working out of 1,204 offices worldwide. 

BDO LLP has a clear ambition to be the firm known in the market for exceptional service delivered by empowered people. The 2011/12 Mid Market Monitor analysis – completed in April 2012 – shows that BDO has now indeed become market leader for client satisfaction – outperforming all its major competitors and the only organisation to see an improvement over the past three years. 

BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members' names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU.

BDO LLP is authorised and regulated by the Financial Services Authority to conduct investment business.

BDO is the brand name for the BDO International network and for each of the BDO Member Firms.

BDO Northern Ireland, a partnership formed in and under the laws of Northern Ireland, is licensed to operate within the international BDO network of independent member firms.

Contacts BDO Press Office Tel: 020 7893 3000 Email: [email protected]