Global expansion for the BDO network is mirrored by strong local
performance in 2014 for Guernsey firm BDO Limited.
Accountancy and business advisory firm BDO Limited has announced
a year of steady growth in 2014 as its UK parent company and the
BDO International network report accelerated growth and
profitability for the last financial year. For Guernsey, new client
wins during the financial year ended June 2014 exceeded £500k
of recurring fees, with revenues increasing by 35%.
The Guernsey firm's managing director Richard Searle said
BDO Limited had seen a strong performance in all areas of its
business, from audit and advisory to tax and financial services,
while client service levels remained exceptionally high.
"We are part of a national and international success
story," said Mr Searle.
"We have seen a steady expansion of our services here in
Guernsey during 2014 with our revenues showing an increase of 35%
compared with the previous year.
"Furthermore, during the calendar year to date, we have
added over 200 new clients to our portfolio. This growth
demonstrates the strength of our large base locally and
clients' confidence in our continuing ability to deliver
exceptional client service to them."
Mr Searle highlighted the successful merger with PKF, nationally
and locally, as the most significant single event of 2013/14 for
BDO Limited. Combined with the firm's ongoing recruitment
programme, the merger has seen staff numbers rise to more than 70
at its Guernsey headquarters.
Mr Searle said: "It is thanks to the hard work and
professionalism of all our staff that this intensive period of
transition has not distracted us from continuing to give our
clients the level of service they have come to expect from BDO
Limited over the years.
"We have emerged stronger and even more focused as we
continue to invest in the key areas of financial services, tax and
advisory services. Our programme of investment in new technologies
also continues apace."
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