Top ten accountancy and business advisory firms BDO and Moore Stephens
The exchange of contracts, confirms a deal that will cement BDO’s position as the UK’s leading AIM-market auditor and will enhance the combined firm’s expertise in sectors including financial services, insurance and shipping.
The merger, which relates only to the London, Birmingham, Reading, Bristol and Watford offices of Moore Stephens, will also make BDO the third biggest auditor of listed companies overall and enable it to focus on improving quality and competition at the upper end of the audit market.
More than 5,000 people across the UK will deliver a gross annual revenue of £590m following completion of the merger. The firm will remain part of BDO globally, which announced revenue growth of 10 per cent earlier this month to a combined fee income of US$9bn.
Simon Gallagher, Managing Partner, Moore Stephens LLP, said “I am immensely proud of Moore Stephens, which has delivered