Revenues and profits surge at BDO

ACCOUNTANCY and advisory firm BDO has announced a 27% increase in revenues and a 42% increase in operating profits.
 
The firm saw UK turnover increase to £384m and operating profit grow to £78m. The 2013/14 results are the first to fully reflect BDO’s merger with PKF in April 2013.
 
BDO has offices in Manchester and Liverpool, employing a total of 300 people. Its Manchester office is at 3 Hardman Street, Spinningfields, while the firm’s Liverpool base is at Temple Square off Dale Street.
 
All three of  the firm’s main business areas showed substantial growth.  The audit business increased by 19% to £128m, the tax business grew by 21% to £99m, and BDO’s advisory business grew by 39% to £157m.
 
Simon Michaels, managing partner at BDO, said: “This year’s success story is one of accelerated growth and profitability – a testament to the hard work and expertise of all our people.  
 
“It has been a significant year for us.  We ensured our merger with PKF was a success and that it did not distract us from providing the level of service that our clients expect.  All our people have strived to ensure that the high quality work that we offer our clients has continued.
 
“Our international network has revenues approaching £7bn. It now operates across 150 countries and employs nearly 60,000 people.”