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.
Hall Livesey Brown, which has offices in Tarporley, Chester, Shrewsbury and Wrexham, has merged its practice with Colin F Whitfield & Co.
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Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.
2020CA has merged with accounting, tax and business advisory firm Beavis Morgan to form BM2020.