PracticeConsultingBDO looks to non-audit activities

BDO looks to non-audit activities

Mid-tier firm BDO Stoy Hayward yesterday published a 16.7% rise in fee income to £201.5m.

Despite modest 15.3% growth in audit and business advisory services, the firm’s South East managing partner is looking to other areas for fututre expansion.

Simon Bevan said: ‘Against the broader background of audit being widely seen as a mature business sector, I am especially pleased by the growth we have achieved.

‘Going forward, therefore, we believe non-audit activities will continue to offer the greatest potential for growth.’

Two other areas ? corporate finance and business recovery services ? stood out, yielding growth rates of more than 29%, according to the results which had been leaked last week.

Tax consultancy, grew 14.5% contributing £54.4m from £47.5m in the previous year.

Links

BDO fee income to break £200m barrier

Accountancy Age Top 50

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