Treasury appoints BDO to value Northern Rock
The Treasury have named BDO as the independent valuer of troubled building society Northern Rock.
BDO will have the task of deciding how much the business would have been worth if the Bank of England had not stepped in to rescue the mortgage lender.
The choice of BDO has been seen as a surprise, as they are not one of the biggest firms in the City. The Treasury has denied that there was little interest in the role stating that interest in the job was strong, with the number of applicants in, “double figures.”
