BDO UK posts stable annual revenue of £1bn in 2025

Core Insights - BDO UK reported annual revenue of £1bn ($1.3bn) for the year ending 4 July 2025, unchanged from the previous year, while operating profit decreased by 7.5% to £210m [1] - The firm faced challenges due to global political and economic factors but continued to invest in staff development, technology, and infrastructure [1][6] - A merger with BDO Ireland is expected to create a combined entity with revenues near £1.1bn and approximately 8,500 employees, enhancing BDO's position in the market [7] Financial Performance - Revenue in Tax increased by 3.4%, and CR&O rose by 5.4%, while Audit revenue fell by 3.7% and Deals declined by 4% [2] - Profit per equity partner decreased to £589k from £681k in the previous year [1] Workforce Development - BDO UK recruited 690 trainees during the financial year, an increase from 675 the previous year, and promoted 2,440 staff, including 36 partners [3] Technological Investments - Continued investment in technology included new digital tools for improving work quality and consistency, with a focus on AI applications and sustainability assurance [4] - Relocations and refurbishments of offices took place in various cities, with a new headquarters in central London expected to be completed by late 2027 [4] Market Outlook - The firm anticipates growth in regional offices to surpass London in the coming years [2] - Managing partner Mark Shaw emphasized the importance of collaboration in navigating economic challenges [5][6]