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

Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000

Chartered Practice
West Midlands, UK

Opportunity due to retirement. Chartered practice. A long-established firm with very strong client relationships. Consistent turnover. Established: 20 to 25 years. Number of staff: 5 to 10. Offers invited.

Asking Price: £600,000
Turnover: £550,000

Accountancy Business
Staffordshire, UK Wide

Quality South Staffordshire based firm looking at exit opportunities. Established: 15 to 20 years. A fantastic and long-standing team available with the practice. Offers invited.

Asking Price: £1,100,000
Turnover: £1,000,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
27
 
Jun
 

Administrators appointed for major bathroom retailer – buyer sought immediately | ADMINISTRATION

With 135 stores dotted around the country, and thought to be...

 
14
 
Jun
 
 
31
 
May
 

Luxury chocolatier enters administration | ADMINISTRATION

A high-end chocolate maker has collapsed into administration...

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