Member Article

BDO Southampton reports significant revenue increase as a result of client growth

The Southampton office of accountancy and business advisory firm, BDO LLP, recently ended its financial year with increased revenues 6.3% following continued investment and a growing client base.

BDO in Southampton has won a number of high profile clients this year including NATS (National Air Traffic Services) and The Southern Co-Operative, which themselves saw a 7.8% rise in sales this past year.

BDO provides a particularly wide range of support to companies from its Southampton office and the team has experienced growth in nearly all areas of the business,

The corporate finance team has advised on transactions with a combined value of over £300 million in the last 12 months.

Malcolm Thixton (pictured right), partner and head of BDO in Southampton, explains: “We have had a particularly good financial year, and I expect our revenue to increase again next year. Our clients are doing very well and continue to invest in growth, which is good news for this region’s economy and particularly the local jobs market.”

Thixton continues, “We continue to invest in our people and our offering, and are committed to providing businesses with the very best service around. We have a nearly 200-strong team here in Southampton, giving businesses access to the depth and breadth of expertise they need to flourish. We anticipate that staff numbers will rise a further 14% in the next twelve months.

“As well as recruiting at a senior level, we are hiring more students now than we have done previously, both as traditional graduates and school and college leavers. We had approximately 15 in our school leaver programme last year and another 15 join us this year across all streams of the business from audit and tax to advisory services.

“Our latest Business Trends report showed a slight tailing off in business confidence, but this is to be expected as pent-up demand reduces and the focus turns to long term, sustainable growth.

“The stability of Europe continues to be a big market influencer and the economic impact of the Scottish Referendum along with the general election next year, will undoubtedly cause some uncertainty for businesses. It will also be interesting to see what happens when interest rates begin to rise again.”

This was posted in Bdaily's Members' News section by Ellen Forster .