BDO companion Chris Bond has taken over from Steve Le Bas as its new head of motor retail within the UK.

Bond, who relies within the Midlands, has been concerned within the motor retail staff since he joined BDO in 2013, together with being a part of BDO’s audit staff for the AM Awards till 2021 alongside Le Bas and Malcolm Thixton.

The accountancy and advisory agency stated Bond has constructed a robust popularity for his potential to grasp the modifications in taxation and the way they relate to retailers and their particular person circumstances. He works with lots of the agency’s largest motor shoppers and audited entities, in serving to them navigate the present tax and industrial challenges that they face and introducing the varied completely different consulting streams that BDO can supply.

He stated: “It’s a really attention-grabbing time to be taking up the function of head of motor retail. The sector is going through elementary change with the transition to the company mannequin and EV, the potential impression of AI and likewise the numerous challenges across the abilities base.

“It’s for that reason we’re rising our focus past our robust audit providing to the broad advisory and consulting assist we may give sellers as they proceed to navigate this quick altering and complicated financial atmosphere.”

BDO is without doubt one of the main audit and advisory corporations to motor retail within the UK and its robust worldwide community is more likely to additionally play an rising function because the variety of abroad traders into the sector continues to develop. It gives companies equivalent to sector-specific accountancy, tax and enterprise recommendation, in addition to assist in relation to R&D and M&A alternatives.

Chris added: “I’ve an ideal basis on which to construct due to all of the work Steve, and Malcolm Thixton earlier than him, have achieved over the past 10 years in rising the staff from a Southampton-based centre of excellence to a UK-wide, cross service providing.

“I sit up for additional constructing relationships with the important thing gamers and stakeholders within the sector.”

AM understands that the appointment will enable Le Bas, who grew to become head of motor retail in 2019, to deal with main BDO’s Southampton staff, though his curiosity within the automotive sector will proceed.