ACQUISITIONS are the best way for firms to challenge the Big Four, Accountancy Age readers have said in the wake of BDO's merger agreement with PKF.
Of the 83 readers polled, 81% said they saw no other way for firms to touch the top four firms than merging with or acquiring other firms, while the remaining 19% said there are other methods to challenge them.
Sixth-largest firm BDO has agreed to join forces with PKF, which stands at 12th in Accountancy Age's Top 50+50 table.
The merger of the two firms would create an entity with more than £400m in revenues, with 3,500 staff.
Vote in Accountancy Age's latest poll:
Merging mid tier firms will do nothing to influence the domination of the Big 4. Mergers will not add to skillset and specialist offering - they will just create less choice for mid tier clients.
Posted by: Russell Mitchell, 15 Nov 2012 | 15:05
Based on revenues, if you combine all the non-Big 4 firms, you would get 2-3 firms that would be comparable to the current Big 4 firms. Is 7 that much better than 4 if we lose all the boutique firms in the process?
Posted by: Daniel, 15 Nov 2012 | 15:58
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