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.
The Middle East arm of Deloitte and Touche is being sued by a Dubai-based investment group after it failed to spot money laundering at a now defunct Lebanese bank
Smith & Williamson has named Grant Hotson as group finance director
PwC’s UK risk assurance practice is on track to recruit more than 1,000 technology specialists over the next four years to meet increasing client demand for digital, regulatory and cyber security services
Cowgill Holloway Business Recovery has concluded the sale of assets of film distributor Metrodome to independent movie distributor 101 Films following appointment as administrators