BDO Stoy Hayward
This international network is firmly fixed as the closest challenger to the Big Four
Before the emergence of the international network, BDO Seidman LLP was
founded in 1910 by Maximillian Seidman as Seidman and Seidman in New York.
The global organisation of individual BDO firms across the world became BDO
International in 1963, and is now a global network of professional accountancy
firms with 612 offices in 107 countries.
With more than 30 000 partners and staff, the network rakes in $3.911bn,
leaving the firm firmly in the fifth pole position internationally.
Like the Big Four, member firms are independent legal entities operating
under their own firm names.
The largest firms include BDO Kendalls in Australia, BDO Deutsche
Warentreuhand in Germany, BDO Camps Obers in Holland, BDO Dunwoody in Canada,
BDO Seidman in the US and BDO Stoy Hayward in the UK
The UK firm began life as Stoy and Co founded by Fred Stoy. In 1919, Jack
Hayward joined and it became Stoy Hayward and Co.
Several mergers later with Finnie and co in 1992 and DO Binder Hamlyn in 1994
created BDO Stoy Hayward, which then become a member of the BDO International
network.
It also became a limited liability partnership in 2002.
BDO Stoy Hayward has shown steady growth. In the last two years national
turnover has increased 27% from £227.7m in 2005 to £288.1m in 2006.
Profit also went up 16% to £70m.
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Accounting Software The power of customisation in accounting systems
The firm, headed by managing partner Jeremy Newman, has robustly entered into
the fray of industry debates, unafraid of challenging Big Four firms who wish to
maintain their dominance in the profession.
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