The corporate restructuring and forensic services divisions both grew at a
rate of 10% in the six months to December. Total national turnover for the
period increased £14.2m, from £145.6m to £159.8m.
Managing partner Jeremy Newman said he expected firms to toughen up in the
face of economic uncertainty and the recent high-profile fraud case at Société
‘Increasingly, a significant proportion of restructuring work includes a
forensic element, which was not the case five or 10 years ago,’ he said. ‘There
is a lot more determination to do something about losses being caused by
failures along the line.’
The firm’s tax business showed the highest growth, at more than 20%.
‘Uncertainty over capital gains tax and the new rules for non-doms prompted a
lot of people to review their finances,’ said Newman.
was helped along by the acquisition of specialist tax firm Chiltern in October
Chiltern’s growth accounted for at least 5% of the total tax growth, which
Newman said was encouraging, given the short period of time since BDO had taken
over the firm.
‘I am hopeful we will see growth within the Chiltern business as well as our
own tax business,’ he said.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.