PracticeAccounting FirmsBDO records 11% annual growth

BDO records 11% annual growth

BDO has recorded annual growth of 11% throughout the UK

BDO Stoy Hayward
has posted 11% growth throughout the UK, to £353.1m – 9% growth in Birmingham
and 25% growth in Scotland, despite challenging market conditions.

After posting profits of £65m Simon Michaels, BDO’s managing partner said,
‘Following an extended period of progress in benign market conditions, we have
achieved another year of strong growth in a more difficult trading environment
via consolidation and investment.

We have continued to invest in infrastructure and talent so as to deliver
services to help clients meet the challenges and opportunities during tougher
times.’

The results were boosted by 29% growth in tax division revenues.

Among the high profile corporate finance deals completed by the BDO team over
the last 12 months were advising Isison the MBO of Playforce; Busy Bee’s £31m
acquisition of Leapfrog Day Nurseries and Leapfrog Childcare Vouchers; and the
£11m AIM floatation of the Rethink Group.

Further reading:

Read
The Birmingham Post story

Read
the Scotsman story

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