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 group since he joined BDO in 2013, together with being a part of BDO’s audit group for the AM Awards till 2021 alongside Le Bas and Malcolm Thixton.

The accountancy and advisory agency stated Bond has constructed a powerful repute for his capacity to know the adjustments in taxation and the way they relate to retailers and their particular person circumstances. He works with most of the agency’s largest motor shoppers and audited entities, in serving to them navigate the present tax and business challenges that they face and introducing the assorted totally different consulting streams that BDO can supply.

He stated: “It’s a really fascinating time to be taking on the function of head of motor retail. The sector is dealing with elementary change with the transition to the company mannequin and EV, the potential impression of AI and in addition the numerous challenges across the abilities base.

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

BDO is likely one of the main audit and advisory companies to motor retail within the UK and its sturdy worldwide community is prone to additionally play an rising function because the variety of abroad buyers into the sector continues to develop. It gives companies reminiscent of sector-specific accountancy, tax and enterprise recommendation, in addition to help in relation to R&D and M&A alternatives.

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

“I look ahead to additional constructing relationships with the important thing gamers and stakeholders within the sector.”

AM understands that the appointment will enable Le Bas, who turned head of motor retail in 2019, to give attention to main BDO’s Southampton group, though his curiosity within the automotive sector will proceed.