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BDO holds on to furlough money despite partner pay-out
BDO is one of the largest accounting firms in the UK
Kris Tripplaar/SIPA USA/PA Images
BDO, one of the UK’s top accounting firms, will keep its furlough money despite revealing it will pay partners an average of £518,000 each.
The company received £2.7m in furlough support from the government in its financial year to June 2020, and said it received £4.7m in total.
Furlough
Managing partner Paul Eagland said the government money had enabled the firm to avoid putting 700 roles at risk of redundancy. The firm topped up the 80% subsidy to 100%, and has not made anyone redundant.