Speculation grows about BDO/PKF merger
Reports suggest PKF’s managing partner Martin Goodchild has agreed a deal in principle to sell the firm's UK operations to BDO
Reports suggest PKF’s managing partner Martin Goodchild has agreed a deal in principle to sell the firm's UK operations to BDO
BDO IS LINING up a deal to acquire rival PKF, according to reports.
The sixth-largest firm with fee income of £281.5m, according to the Accountancy Age Top 50 +50, is rumoured to have agreed a deal in principle with the 12th largest firm, PKF, the Daily Telegraph reports.
It is reported the deal will see PKF’s UK business separated from its international operations, PKF International, and integrated into BDO’s international network.
PKF’s managing partner, Martin Goodchild, has yet to put the deal to the firm’s 70 partners but it is understood it has been agreed in principle.
However, a PKF spokesman denied the rumour: “PKF has not done a deal with BDO”.
A BDO spokesman added: “We do not comment on such rumours or speculation.”
If the deal does go ahead, BDO will overtake Grant Thornton as the fifth-largest firm.
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe new head of deal advisory and strategy will officially begin his new role July 1 2023 Read More...
View articleThree major mid-sized firms have welcomed new partners into their offices, while an industry veteran retires from MHA Monahan. Read More...
View articleRob McCann is a corporate finance partner in the firm’s Manchester office, joining from Lloyds Bank, and Nick Andrews joins BDO’s London Forensics tea...
View articleBDO has appointed a new head of digital and innovation as the firm increases investment in its digital transformation strategy Read More...
View articleThe firm reported growth across all regions supported by 20 major mergers Read More...
View articleBDO has reported jumps in revenue and profit in the past year, in its fifth consecutive year of growth Read More...
View articleIn a record high for the firm, BDO promotes over 1000 people Read More...
View articleSarah Joannidi has joined the firm as an audit partner having previously spent 11 years at RSM Read More...
View article