AN ACCOUNTANCY and business advisory firm based in the Thames Valley has seen revenue grow by a quarter.
BDO LLP said that a seventh consecutive year of growth meant that its revenues rose to £578m in its last financial year.
It added that this headline figure represents 15% organic growth, as well as a 10% boost following the firm’s successful merger with Moore Stephens LLP in February 2019.
As a result, the firm said that its profits increased by 26% to £134m.
And it intends to make “significant investments” in the coming financial year in both people and technology, including £4m on developing data analytics and audit processing software over the coming year.
Paul Eagland, BDO Managing Partner, said: “We have had a landmark year, with continued organic growth being enhanced by our merger with Moore Stephens LLP. Together, we’ve created a leading UK accountancy firm advising entrepreneurial mid-sized businesses – but also a firm that can confidently challenge its larger competitors in all areas of audit, tax and advisory work.
“Accountancy isn’t a profession solely about numbers. Our clients buy our people, which is why we continue to prioritise investment in them. I’m proud we’ve promoted nearly a third of our people this year and welcomed a record number of school leavers.
“Our strong financial performance in the UK, as well as our membership of a successful global network, has also enabled us to make further investments in audit processing tools, data analytics and robotics. This enables our people to spend their time advising clients on more specialised and complex matters.”
The company has offices in Reading’s R+ building in Blagrave Street and also in Thames Tower, close to the town’s railway station.
