Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Accountancy and business advisory: the ultimate merger

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

Bid Writing Consultancy
Yorkshire and the Humber, UK

Provides a comprehensive range of services, including bid management, writing and review, tender sourcing, solution design and staff training.

Asking Price: Offers Invited
Turnover: £680,000

LEASEHOLD


Software Developer Specialising In Revision And Training Aids
UK Wide

Due to significantly exceed its pre-pandemic levels of business. The company specialises in the development of a range of revision and training aids for a wide variety of platforms.

Asking Price: Offers Invited
Turnover: £550,000

LEASEHOLD


Insurance Claims Consultancy & Chartered Loss Adjusting Services
UK Wide

Achieved turnover of £1.6 million. Renowned for providing expert services for high-profile, high value incidents for clients, including significant international catastrophes.

Asking Price: Offers Invited
Turnover: £1,600,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
26
 
Feb
 

Hanson-owned brickwork contractor closes down | BUSINESS NEWS

Brickwork firm Irvine-Whitlock, a subsidiary of building mat...

 
25
 
Feb
 

Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS

Acquisitive wealth management firm Fairstone Financial Manag...

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
08
 
Jan
 

Nightclub operator Deltic acquired by Rekom in cut-price deal | BUSINESS SALE

UK nightclub operator Deltic has been acquired by Scandinavi...

 
24
 
Aug
 

Frasers Group acquires certain DW Sports assets for initial £37m | BUSINESS SALE

Frasers Group has acquired some of DW Sports’ gyms and...

 
17
 
Aug
 

Frasers Group bids for DW Sports | BUSINESS NEWS

Mike Ashley’s Frasers Group has reportedly bid in exce...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.