BDO Stoy Hayward

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BDO Stoy Hayward, LLP

Type	Limited Liability Partnership (LLP)
Founded
Headquarters	London
Products	Professional Services
Website	http://www.bdo.co.uk

BDO Stoy Hayward LLP is a partnership of chartered accountants in the United Kingdom. It is the UK member firm of BDO International, the fifth largest worldwide network of professional service firms in the world. With offices throughout the UK, the firm offers auditing, consultancy and tax services to a wide variety of organisations in the private and public sectors.

BDO Stoy Hayward is the 5th largest accountancy firm in the UK, with revenues of £285 million for the year ending 30th June 2006, and average revenue per partner of £1.2 million [1].

1 History
2 Awards
3 Criticism
4 Locations
5 External link

[edit] History

The firm was founded in 1903 as Stoy and Co by Fred Stoy. In 1919, Jack Hayward joined the firm and it became Stoy Hayward and Co. A series of mergers with Finnie and Co in 1992; and BDO Binder Hamlyn in 1994 created BDO Stoy Hayward, which became the UK member of BDO International.

The firm became a limited liability partnership in 2002.

[edit] Awards

BDO Stoy Hayward is viewed as a major challenger to the "Big 4" accountancy practices. It has done this by being vociferous in the lack of competition for accounting services in the large corporate market [2] and by developing its own award winning “successfully different” culture.

This has been publicly recognised by the following awards:

2004 Accountancy Age ‘Employer of the Year’
2005 Accountancy Age ‘Large Firm of the Year’
2005 Accountancy Age ‘Employer of the Year’ (second year)
2006 Top 100 Best Companies to Work For - Sunday Times [3]
2006 Top 50 Companies Where Women Want to Work - Sunday Times]
2006 Global Firm of the Year - Accountancy Age, 2006 [4]
2006 Accountancy Age ‘Personality of the Year’ awarded to Jeremy Newman (managing partner)

[edit] Criticism

BDO Stoy Hayward has been criticised in their role as administrators for the collapsed Christmas hamper savings company Farepak. [5] BDO Stoy Hayward will use a premium-rate phone service set up to provide information for victims of Farepak's collapse. The revenue from the calls will pay for the service.