British merging of consulting firm BDO and PKF

03 January 2013 Consultancy.uk

The British practices of BDO and PKF are merging. The merged firm is continuing under the name BDO. Because of this merging, BDO has 3.500 employees, divided over 19 offices, making this firm almost as large as Grant Thornton in the UK. The merging will probably be finalized by the third quarter if the year 2013. This is what both advisory firms together announced in a press message.
 
Prior to this merging, BDO was the sixth biggest financial service provider in the UK. After the merging BDO has over 3.500 employees listed on their payroll. Their turnover mounts up to over £400 million, thereby remaining on the sixth place and closing the gap with number 5 Grant Thornton (£417 million).

BDO - PKF

The merging of PKF UK and BKO UK delivers a mind blowing strike to PKF International because the British branche is one of the biggest member firms. Although PKF was approximately a quarter the size of BDO, it had relatively better profit margins. One of PKF’s strengths is that almost half of its business comes from non-audit work, such as tax advice and management consulting, which tends to have better margins.

“The partners of BDO and PKF are very satisfied with merging. Because of this merging we even become a stronger player in accountancy and advisory markets. Also, we are better capable of competing with Big Four offices” said Simon Michaels, Managing Partner of BDO UK.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”