• Register
Return to: Home > News > Mid Tier > Kreston UK member firm merge announces another competitive year in the UK

Kreston UK member firm merge announces another competitive year in the UK

Kreston UK has announced a merger between member firm BHP and Cleckheathon-based Clough & Company.

BHP, the largest independent firm in Yorkshire and a member of the Kerston International global accounting network, has merged with Clough & Company in a move that will create a regional practice with six offices, over 270 staff and revenue of approximately £18m.

As a result, Kreston UK will now count 1,970 staff and annual fee revenues of £127m, according to the international network.
This latest move promises another year of fierce competition in the UK market as Kreston could overtake Baker Tilly international in the rankings.

According to IAB latest UK survey, Baker Tilly international ranked as the 11th largest global network in the UK with revenues of £119m in FY14. Kreston International ranked 12th with total fee income £ 115.1m in the year to 31 October 2014 and Moore Stephens International ranked as the 10th largest network with £ 129.7m in revenue.

However last week DFK International and Moore Stephens International UK member firms announced they would merge effective 1 May and trade under the Moore Stephens banner.

DFK International said they were on the lookout for a replacement firm suggesting that 2015 still holds some surprises in the M&A market.

 

Related articles:

UK Survey: EU membership issue creeps closer to centre stage

Top Content

    The UK: uncertain waves rule Britannia

    he UK’s accountancy profession is currently in a period of much uncertainty. The Competition and Markets Authority (CMA) has released its review into the listed audit market which could cause the biggest shake-up the profession has seen in years, the Kingman Review has described the Financial Reporting Council (FRC) as not being fit for purpose and called for it to be replaced. All the while the country remains in a deadlock on Brexit negotiations.

    read more

    Views from the Eurozone

    With Brexit looming, populist governments gaining footholds in a number of countries and movements such as the Yellow Jacket protests in France, 2018 was anything but a quite year for the eurozone. Here leaders report to the IAB on their markets.

    read more

    Eastern promise and how to find it

    With China rising as a global power, Jonathan Minter spoke with ShineWing’s Zhang Ke and Marco Carlei at the World Congress of Accountants 2018 in Sydney, to discuss the cultural challenges that occur when Chinese networks look beyond their border, and the dividends available for those who overcome them.

    read more

    Spain: looking to widen demand

    As Spanish accounting professionals prepare for new audit regulations, the Paul Golden asks what they need to do individually and at firm level to maintain and increase demand for their services.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.