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.
BDO has announced two key international appointments as the firm continues to expand in its private client business across the BDO global network
Online accountancy firm, My Accountant Friend (MAF), has opened its latest office in Birmingham and recruited new partner, Richard Ingledew
KPMG has announced the appointment of Sarah Willows as chief financial officer and head of operations
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK