Bdo

BDO has been severely reprimanded and fined £6.5 million by the Financial Reporting Council (FRC) following admissions of misconduct by two former audit partners. The fine was reduced to £5.8m due to admissions. The FRC investigation centred on systemic failures in supervision that allow

BDO UK and its Irish sister firm are in the final stages of merger discussions, part of a strategic push for regional consolidation by the world's fifth-largest accounting network. The deal, which is awaiting a partner vote and regulatory approval, would create an enlarged firm with annual revenues

Recent press articles are heightening speculation around the potential introduction of a National Insurance levy on partnership profits. Professional services firms may therefore be facing a pivotal moment, Louise Cupples writes. A thinktank proposal suggests a 6.9% tax on partnership profits - aime

Improving social mobility is a priority for an overwhelming 98% of mid-sized businesses in Scotland, with half (50%) ranking it as their biggest priority – more than anywhere else in the UK – according to the results of BDO’s latest survey of 500 UK mid-sized businesses. The Econom

BDO has told its member firms to refuse outside equity investments, pushing back against a wave of interest from buyout giants in the accountancy sector. The world’s fifth-largest accountancy network announced the move as part of a “strategic reset” intended to “ensure a stro

BDO has welcomed 33 new trainees to its Edinburgh and Glasgow offices, part of the firm’s national recruitment drive, which has seen over 600 trainees join its UK offices.

Family-owned businesses in Scotland face increased challenges in the coming months, as the clock ticks down to "seismic" tax changes in April 2026. According to figures from BDO LLP, more than three quarters of Scottish businesses (78%) say they will be impacted by changes to Business Relief for Inh

EY has been appointed as Revolut's new auditor, concluding the fintech's relationship with its former auditor BDO. The change is seen as a crucial step in the company’s prolonged effort to secure a full UK banking licence.

BDO has been revealed as the adviser to Innate-Essence Limited, which has secured a majority investment from drinks company AG Barr Plc, home to brands such as Irn Bru, Funkin Cocktails and Boost Drinks. Innate-Essence, the functional beverage manufacturing business behind The Turmeric Co and Raw Hy

BDO LLP has advised on the sale of heating services specialist Saltire Facilities Management Ltd. The company, which is based in Scotland with operations in the Midlands, has been acquired for an undisclosed sum by Daikin Airconditioning UK Ltd – part of Daikin Europe.

Scottish mid-sized businesses are optimistic about plans to export overseas in the next year, despite recent turmoil in global trade and tough economic challenges, according to BDO. The firm's survey of over 500 mid-sized businesses reveals that more than half (54%) of companies are confident about

Investors led by venture capital and private equity firms have injected a record amount of capital into the UK’s growing circular economy sector, new research from accountancy and business advisory firm BDO has revealed. British circular economy businesses attracted £2.2 billion in discl

Fraud is prevalent across UK regions, with the value of fraud reported outside of London and South East totalling £117 million in 2024, according to BDO’s latest FraudTrack survey. Key hotspots outside London and South East include the North West and Midlands. Total reported fraud in the

The Company Voluntary Arrangement (CVA) meeting for Inverness Caledonian Thistle FC, crucial for the club's exit from administration under Mr Alan Savage's proposed takeover, has been rescheduled from 22 May to Wednesday 5 June. Joint administrators at BDO confirmed significant progress had been mad

Accountancy and business advisory firm BDO LLP has signed a 10-year lease for 8,176 sq ft of office space at 30 Semple Street, Edinburgh, signalling a significant commitment to the city. The firm will move from its current Citypoint base on Haymarket Terrace in Autumn of this year.