Grant Thornton and BDO merge in Isle of Man

Grant Thornton and BDO merge in Isle of Man

Merged firm in Isle of Man to carry Grant Thornton's name

GRANT THORNTON AND BDO have completed a merger in the Isle of Man to create the island’s largest accounting and audit services provider.

The agreement creates a new company with 30 staff members and sees the existing clients retained.

Former BDO directors Michael Crowe and Martin Kneale will sit alongside Grant Thornton directors Dennis McGurgan and Richard Ratcliffe at the top of the venture, which will continue to run under the Grant Thornton name.

BDO employees will move over to Grant Thornton’s offices in the island’s capital, Douglas, keeping their original posts.

Last year, BDO completed a merger in the UK with PKF.

Crowe said: “We are delighted to be joining Grant Thornton Limited to enable continuity of service to our clients and to provide job security for our employees. Grant Thornton has a fantastic reputation in the Isle of Man as well as worldwide and is one of the world’s leading organisations of independent assurance, tax and advisory firms.”

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource