Step aside, Grant Thornton. BDO’s merger with Moore Stephens has been completed, making Bravo Delta Oscar the largest non-Big 4 accounting firm in the U.K.
The merger gives [BDO] a combined workforce of 5,000 staff members and 350 partners working in 17 locations across the UK.
The firm is expected to deliver revenues of £590m – taking it ahead of competitor Grant Thornton – although it still remains only a quarter the size of the smallest Big Four firm KPMG.
BDO’s revenue in the U.K. increased 8.5% from £427.8 million in 2017 to £464.1 million in 2018. Globally, the firm reported $9 billion in revenue last year.
The merger relates to Moore Stephens’ offices in London, Birmingham, Bristol, and Watford, which will operate under the BDO brand.