BDO finalises PKF deal

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Partners at BDO and PKF have formally agreed the terms of a merger that will result in PKF being swallowed up by spring 2013.

Rumours started circulating on AccountingWEB over the summer and by early November the top-10 rivals confirmed they were in advanced discussions to operate under the BDO brand.

The new firm will have 3,500 members of staff in the UK generating revenues up to £400m. Even if it achieves this level of fee income, the expanded BDO will be set to challenge Grant Thornton as the UK's fifth biggest accounting firm.

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11th Dec 2012 15:13

is that a new technical term

swallowed up - anway any challenge to the hegemony is to be welcomed 

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