Accountancy and business advisory: the ultimate merger

Tue, 27 Nov 2018 | MERGER



Advanced merger discussions are underway between accountancy and business advisory firms BDO and Moore Stephens LLP, with the deal expected to complete in the Spring of 2019.

With the merger, the new firm will have a gross annual revenue of £590 million and a staff of 5,000 people across the UK.

Votes from partners of both firms have confirmed a green light for the merger, subject to finalisation of contracts.

BDO managing partner Paul Eagland said: "If ever there were a time for firms to turbo-charge their growth, it’s now. It was clear from our first meeting that we share similar culture and values.

"As professional services firms, our people are our greatest asset and it is essential that we create an enlarged business that retains the best of our similar cultures. Both firms are full of innovative people who are experts in their field – this will continue.

"BDO is in a great position in the market, both in the UK and across the world as part of an $8 billion BDO global organisation.

"In the last 12 months – in the wake of Carillion and the subsequent focus on competition in the audit market – the UK market now has a better appreciation of BDO’s capability and quality. This deal increases our credibility further and proves our commitment to competing in the top-end of the market.

"But we’ve always said that size isn’t a proxy for quality. A driver of this merger is one of sustainable and profitable growth that benefits our clients, people and capital markets alike."

With the merger, the company will look to challenge its larger competitors by providing complex audit, tax and advisory work.

For more news stories about mergers, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

International Consultancy
UK Wide

Established international consultancy business. For over 15 years, the business has been providing consultancy services to UK and International businesses seeking to develop trade overseas. Offering a wide range of consultancy services, the business...

Asking Price: Offers Invited
Turnover: £300,000

RELOCATABLE


Multisite Solicitors Practice
Hull, UK Wide

Opportunity to acquire a profitable multi-site solicitors practice with offices in Hull. The service offering includes professional advice on commercial property, estate planning, will preparation, business advice and a strong focus on conveyancing w...

Asking Price: Offers Invited
Turnover: £2,000,000

LEASEHOLD


Offshore Recruitment Agency
UK Wide

Well-Established Offshore Recruitment Agency Benefiting from a Unique Tax Position. A well-established offshore recruitment agency, working collaboratively with both domestic & global clients to source appropriately qualified & skilled candidates for...

Asking Price: Offers Invited
Turnover: £4,330,000


View more businesses for sale

News Search

Latest News

 
15
 
Dec
 

Two pub companies enter administration | ADMINISTRATION

Mitchell’s of Lancaster (Brewers) Limited and York Bre...

 
13
 
Dec
 

Harvard Technology Limited enters administration | ADMINISTRATION

A lighting company based in Normanton has been forced to eng...

 
11
 
Dec
 

Concrete company acquired in impressive deal | BUSINESS SALE

A Wrexham-based concrete products and quarrying company is s...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
30
 
May
 

Four care homes enter administration after failed lease | ADMINISTRATION

Four care homes have been taken over by administrators follo...

 
24
 
Feb
 

Q4 2016 'the perfect end to an active year of M&A' | BUSINESS NEWS

Mergers and acquisitions deal activity for the final quarter...

 
10
 
Jun
 

Property developer Mar City Developments enters administration | COMMERCIAL PROPERTY

Property developer Mar City Developments Ltd (MCDL), which o...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources