BDO and PKF confirm “advanced merger discussions”

BDO AND PKF are in “advanced discussions” to merge in the new year, they have confirmed.

A merged entity would create a firm with more than £400m in revenues, with 3,500 staff.

BDO managing partner Simon Michaels (pictured) said the firms “share a closely aligned vision to lead in the mid-market, as well as similar cultures and a commitment to deliver exceptional client service”.

Martin Goodchild, managing partner at PKF (UK) LLP, said: “This is a good strategic decision for both firms which have a desire to lead, from a position of strength, the inevitable consolidation of the mid-tier – which is long overdue.”

More to follow.

Related reading