'No job cuts' after BDO/Chiltern deal
BDO's acquisition of Chiltern will see no job cuts, and will push on both firms' ambitous targets in the tax market
BDO's acquisition of Chiltern will see no job cuts, and will push on both firms' ambitous targets in the tax market
‘No job cuts’ will follow Chiltern’s acquisition by BDO Stoy Hayward, BDO’s
head of national tax, Paul Eagland, has told Accountancy Age.
As BDO presented its deal of its latest acquisition Chiltern, which houses 75
partners plus support staff, Eagland said the combination was made to accelerate
BDO’s ambitious growth plans and enhance market position.
‘Wider knowledge gives us a better platform to grow,’ said Eagland.
Both firms had expected double-digit growth over the next financial year,
which Eagland siad will be enhanced through the acquisition rather than just
maintained.
‘The impact on the market will be significant,’ said Eagland.
He said partners of both firms had agreed to the deal ‘unanimously’.
BDO acquires tax firm
Chiltern
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn 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 resourceIn 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 resourceThe 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View resourceStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View articlePersonas is an internal AI platform meticulously developed by BDO to boost productivity and streamline day-to-day tasks. Read More...
View article