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Today’s news in brief – 20/2/2024

Revolution Beauty has announced the mutual resignation of BDO LLP as its auditor, replaced by MHA with immediate effect. The decision follows a tender process overseen by Revolution Beauty’s audit committee, resulting in MHA succeeding BDO for the financial year ending February 28, 2024. BDO states no circumstances connected with its resignation warrant attention. Revolution Beauty aims to maintain robust audit practices under the new arrangement.

UHY Hacker Young has unveiled plans to double its team size in the next five years, focusing on new technologies and internal/external training programs. The corporate finance team, having advised on 17 deals totaling £200m in 2023, has doubled in size. The firm, currently 15% ahead of its growth expectation, emphasises a positive outlook for owner-managed businesses in 2024. CEO David Kendrick highlights the importance of team focus for long-term success in UHY’s continued growth.

Consilium Chartered Accountants has collaborated with the ICAS Foundation to foster social mobility and inclusion in the accountancy profession. The partnership aims to support young people from disadvantaged backgrounds through financial aid, mentorship, and training opportunities. Consilium’s £30,000 donation establishes a post-graduate pathway, offering paid internships, training contracts, and ongoing mentorship. Elle O’Reilly, a Foundation-supported student, shares her positive experience, and Consilium’s commitment builds upon its long standing support for the Foundation.

Ballards LLP, a UK accounting and professional services firm, has welcomed several new joiners across audit, corporate finance, and business services departments. The firm attributes its recruitment success to a strong reputation for quality service and career development opportunities. CEO James Syree expresses excitement about the new hires, emphasising the continued demand for the firm’s expertise. Ballards LLP expands its presence by opening a new Birmingham office and plans to open a Worcester office in April, aiming to serve businesses in the thriving regional economy.

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