BDO and PKF agree to merge
ACCOUNTANTS BDO and PKF have rubber-stamped their merger.
The combined firm will operate under the BDO brand from early next year and operate from offices in Liverpool and Manchester.
The Liverpool office will employ 40 people and the combined Manchester operation 260, with the 95 PKF staff and 165 BDO team co-locationg in 3 Hardman Street in the coming months.
Nationally the firm will have 3,500 staff and revenues of nearly £400m.
Simon Michaels, managing partner of BDO, said: “This is transformational, for our two firms but also the broader market. 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.”
Martin Goodchild, managing partner at PKF (UK), 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.”
