BDO revenues exceed £400m with profits jump of 22%

Martin Gill
Martin Gill

Accountancy and business advisory firm BDO LLP, which has offices in Edinburgh and Glasgow, has announced double digit growth in profits.

The firm, which has exceeded the £400m revenue mark for the first time, reports underlying revenues of £405m for 2015/16 – an increase of 3.8% compared to £390m last year.

The firm continues to make significant progress in profitability too. BDO’s profits grew 22% to £80.3m compared to £65.6m last year. As a result, average profits per equity partner (PEP) increased by 29% to £360k.

Martin Gill, head of BDO in Scotland, comments on the results saying: “The ambitious and high-growth businesses we work with in Scotland and across the rest of the UK – many of which are in the mid-market, AIM-listed or PE-backed – have continued to succeed despite uncertainty in global markets, the EU referendum and government changes at home. This, in addition, to significant regulatory changes has created opportunities for both BDO and our entrepreneurially-spirited clients.”