Kyla Bellingall, Regional Managing Partner at BDO in the Midlands, has welcomed BDO UK’s new Managing Partner who begins his new role today [1 Oct 2024] restating the firm’s commitment to the mid market.
Describing the mid market as the ‘economic engine’ powering UK growth, BDO UK’s new Managing Partner, Mark Shaw, praised the impact these businesses have on growth, skills and employment in the region and across the country.
In the Midlands, there are more than 4,000 mid-sized businesses generating £224bn in revenues. UK-wide, the mid market is responsible for one in three private sector jobs and has revenues equivalent to half the value of UK GDP.
Mark also used his day one message to emphasise the importance of regional offices to BDO’s future success.
“We are proud of our regional network and the knowledge and market understanding of those who work there. Our close connection to local markets allows us to make a difference to regional growth benefiting local economies,” said Mark.
Today also marks the commencement of a new Leadership Team at BDO, which includes Midlands Managing Partner, Kyla Bellingall. Kyla’s national leadership team role sees her responsible for the strategic direction of regions, markets and sectors for the firm.
Kyla has more than 25 years’ experience having joined the profession as a school leaver apprentice. She joined BDO as an Audit Partner in 2015.
Commenting, Bellingall said: “The growth of our Midlands practice is a reflection of BDO’s growth and investment as a firm overall. Our core market of mid-sized, ambitious and entrepreneurially-spirited businesses has demonstrated strength and resilience during a challenging economic period.
“It is an exciting time for Mark, and I am delighted to be part of the new Leadership Team with a firm focus on the regions, where we will collectively build on our heritage while looking to the future.”
Mark Shaw, BDO Managing Partner, added: “I look forward to working with our talented partners and colleagues to achieve balanced growth over the coming years; one that puts serving the public interest, our culture and the wellbeing of our people at its heart.”
Mark takes on the role at an exciting time for BDO. The firm, which has 18 offices across the UK and employs 8,000 people, is fast approaching the £1bn revenue milestone. This has been done through controlled growth across all parts of the firm.
Last year, BDO also invested £120m back into the business – the largest annual investment in the firm’s 100-year history.
