New mid-market force created as BDO and PKF merge 2013
BDO LLP and PKF (UK) LLP today[11.12.12] announced they have agreed to merge. The merger – now approved by partners of both firms – will complete by spring 2013.
The firm, under the BDO brand, will be a leading accountancy and business advisory firm, with some 3,500 people in the UK generating revenues approaching £400m.
The merger creates a financially strong business with significant sector and geographical coverage across the UK. It will be a member of BDO International, the largest global accountancy organisation aimed at the mid-market, with revenues of over $6bn operating in 138 countries worldwide.
Simon Michaels, Managing Partner of BDO LLP, said:
“This is transformational, for our two firms but also the broader market. We’re delighted that two firms with similar cultures and a focus on client service will combine to create an even stronger entity next year. The merged business will have firm financial foundations and an ambition to grow. Both firms employ many talented people capable of delivering quality work to a range of clients, across audit, tax and advisory.”
“The strategic decision to merge has now been made by the partners of both firms. Our primary focus as we move to completion will be to ensure both our clients and people benefit from the merger; they will be working with a resilient partnership leading from a position of strength and with a client service ethic at its heart.”