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.