BDO and PKF agree to merge

12/12/2012 by

Accountancy firms BDO and PKF have agreed to merge to create a practice with revenues of almost £400m.

The deal was first revealed in August and the enlarged firm, which will operate under the BDO brand, will employ 3,500 members of staff in the UK.

The partners of both firms have approved the deal and it is expected to complete in the spring.

"This is transformational, for our two firms but also the broader market," BDO managing partner Simon Michaels said. "We're delighted that two firms with similar cultures and a focus on client service will combine to create an even stronger entity next year.

"The merged business will have firm financial foundations and an ambition to grow. Both firms employ many talented people capable of delivering quality work to a range of clients, across audit, tax and advisory."

PKF managing partner Martin Goodchild added: "The strategic decision to merge has now been made by the partners of both firms.

"Our primary focus as we move to completion will be to ensure both our clients and people benefit from the merger; they will be working with a resilient partnership leading from a position of strength and with a client service ethic at its heart."

BDO has an office in Birmingham and PKF has bases in Birmingham, Leicester, Lincoln and Nottingham.