BDO reports strong 2022 in Midlands

By Sam Pither

27 January 2023

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BDO LLP, the accountancy and business advisory firm, worked on more than 50 deals in 2022 across the Midlands and East Anglia regions, working out to more than one per week.

A large number of the transactions, which cover a range of sectors including consumer, technology, manufacturing, financial services, transport and logistics, healthcare and life sciences, as well as automotive and support services, involved private equity firms, with cross-border deals also a major trend.

Roger Buckley (pictured above), Corporate Finance Partner, M&A, said: “When you consider the economic headwinds that have been blowing strongly against businesses in 2022, the regional deals market over the last 12 months has been extraordinarily resilient.

“Deals are still getting done across all sectors, particularly those where long-term macro-economic and social tailwinds are supporting long-term growth. Specifically, deal volumes in manufacturing, TMT and healthcare remain strong, as the adoption of technology continues at pace.”

Some of BDO’s highlights in the region include advising on Röko’s acquisition of Reading’s Dorsey Construction Material, acting as reporting accountant on the AIM listing of Coventry-based Aurrigo International plc and advising on the sale of Redditch-based LTC Trading Holdings Limited and its subsidiary Lodge Tyre Company to Halfords Group plc.

Across the UK as a whole, BDO advised on 362 deals last year, reaching a total value of £31.2 billion – two thirds of which involved private equity. This saw Factset ranking BDO number one for deals by volume in 2022, both in the UK and globally, along with taking top spot for financial due diligence in the Merger Market accounting league tables.

By Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.