Sovereign Capital plans professional services mega-merger December 1, 2024 Sovereign Capital is set to merge seven of its regional professional services firm into one, according to reports. The private equity firm is planning to combine the regional accountants under the name Affinia, The Sunday Times revealed. Affinia is expected to make around £35m a year in sales cumulatively, and is aiming to double its [...]
EY to cut 150 UK consultants as division head steps down December 1, 2024 Big Four accountancy firm EY is set to cut 150 roles in its UK consultancy division and replace one of its most senior executives amid a slowdown in demand. Cuts in the 4,700-strong unit are expected to impact managers, senior managers and directors, it is understood, which are the highest-paid roles below partner level. Meanwhile, [...]
BDO becomes £1bn giant as partner profit recovers November 25, 2024 Revenue at BDO, the accountancy and business advisory giant, has surpassed £1bn for the first time in its 100-year history, it has been confirmed. The London-headquartered firm, which has offices across the country, said its “continuedprogramme of investment” helped revenue rise by 8.6 per cent to £1.02bn in the year to 5 July, 2024. The [...]
Ex-BDO senior manager handed 20-year ban for falsifying documents November 14, 2024 The audit watchdog has banned a former senior manager of accountancy giant BDO for 20 years after she was found to have been creating false documents
Evelyn Partners: Wealth manager warns clients fretting over Budget tax changes October 23, 2024 Wealth management and accountancy business Evelyn Partners has warned that its clients have been fretting over the raft of speculation coming out about next week’s Budget. Rumours about the contents of the Budget have been flying out of Westminster, with concerns that the Chancellor Rachel Reeves may move to hike a variety of taxes and [...]
Accounting firm RSM US in talks for merger with UK arm October 11, 2024 RSM US is reported to be in talks to acquire its UK arm, if green light, would be the first major transatlantic combination in the accountancy sector
Accountancy sector experiences skills shortage as the industry faces turbulent times May 22, 2024 The accountancy sector is facing a skills crisis as firms reveal talent has plummeted, with leaders blaming competition from other industries
Accountancy watchdog launches probe into UK network firm of Baker Tilly International May 16, 2024 The accountancy watchdog has launched a probe into MacIntyre Hudson over an audit of a unnamed company financial statement