Exclusive: BDO’s managing partner on audit reforms, staffing issues and the company Christmas party December 3, 2021 This week accounting giant BDO saw its profits jump to over three quarters of a million pounds per partner, putting them ahead of their peers at rival firms EY and KPMG. At £760,000 per BDO partner, the firm leads the payout battle as EY partners were paid an average of £749,000 this year and KPMG [...]
Partner pay of £760m puts BDO ahead of Big Four rivals EY and KPMG as challenger firm sees revenue surge December 2, 2021 Partners at BDO saw their profits increase to over three quarters of a million pounds, putting them ahead of their peers at rival firms EY and KPMG. Profit per equity partner before tax increased to £760,000 at BDO following a 14 per cent drop last year, while EY partners were paid an average of £749,000 [...]
Revealed: London businesses the most profitable in the country November 26, 2021 Businesses in London are leading the nation in profitability with margins of 8.1 per cent according to data from accountancy firm BDO.
BDO launches anonymous whistleblowing app November 11, 2021 Accounting firm BDO has launched BDO Tipoffs, a mobile app, to allow whistleblowers at client companies to report misconduct anonymously, according to reports. The firm’s new app, launched yesterday, is free to download and use on android and apple smartphones, according to South African publication Engineering News, which first reported the news. Currently organisations must [...]
UK business output falls to lowest level since lockdown October 10, 2021 Business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity last month. The closely-watched BDO Output Index suggests a slowdown across both manufacturing and services, falling more than five index points month-on-month to 100.69, effectively indicating average trend growth just [...]
BDO: Hybrid working could bring a needed boost social mobility September 30, 2021 Hybrid working could boost social mobility in the UK, according to new research, as young people from disadvantaged backgrounds favour the pandemic-era model more than those who are wealthier. Over a third of those surveyed from lower-socioeconomic environments think hybrid working can give them a better work-life balance, 10 per cent more than 16 to [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 15, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Falcon posts City veteran Joe Nally to board Falcon Oil & Gas has posted Cenkos co-founder Joe Nally as a new non-executive chairman to the board of the company with immediate effect. Nally, a City veteran, [...]
BDO hires record number of new trainees to its audit team September 15, 2021 Accounting firm BDO has announced that it has hired over 450 new trainees into its audit team this year, as the so-called ‘challenger’ firm bolsters its auditing arm. BDO said it had brought on more than 600 new trainees across departments since the start of 2021 – more than it has ever done before. Most [...]
BDO: A third of companies risk losing business if they ignore the rise of ESG August 31, 2021 As environmental, social and governance (ESG) measures climb higher on both the consumer and investor agenda, companies will begin to lose business if they fail to get on board, new data has found. Almost a third of mid-market companies have admitted they face a “high” or “very high” risk of losing out on business if [...]
As accounting firms prep for busy period, non-Big Four players spot new opportunities May 26, 2021 The majority of 2020 was a slow year for the UK’s deals market, with mergers and acquisitions depressed by the Coronavirus pandemic and its subsequent lockdown restrictions. This trend, however, now seems to be in reverse with a number a big deal in the private sector, including Virgin Media and O2’s £31bn mega merger, and [...]