Latest news with #accountancy
Yahoo
3 hours ago
- Business
- Yahoo
Robson Laidler takes over Tindles Chartered Accountants
Robson Laidler, an accountancy and business advisory solutions provider, has acquired Teesside-headquartered Tindles Chartered Accountants. Financial specifics of the transaction were not revealed. The deal, described as Robson Laidler's 'largest acquisition' in more than 100 years, creates a group with a £9m ($12.2m) combined turnover. It also increases the firm's headcount to 126 across Newcastle, Durham, and Teesside offices. Tindles will retain its 20 staff and operate from Medway House at Teesdale Business Park. Founder Robert Tindle will stay on to integrate the businesses, which will trade separately for six months. Tindles partner Angela Foster will lead alongside Robson Laidler's co-managing directors Amy Park and Nick Wilson, and directors Michael Moran, Peter Charles, John Holbrook, and Nick Cunningham. Nick Wilson said: 'This forms an important part of our overall growth and investment strategy where we aim to open more office locations across our five-year-vision. Our strategy is to remain independent whilst keeping our purpose at the forefront of everything we do, which is to make a positive difference to people's lives and that includes our clients, our people and the wider community. Our vision is to leave a legacy by becoming the firm of choice, growing our business in a way that makes us proud, focusing on both purpose and profit. 'Rob and Angela have built a hugely successful business over many years in Teesside and are a fantastic fit in terms of shared values, services and geographically where we want to grow our business. Ensuring continuity across our whole client base is paramount and we are excited to have Tindles join us on our journey to make the biggest impact possible as a unified force.' Hay & Kilner and JLF offered legal advice to Robson Laidler on the deal, while Punch Robson represented Tindles. "Robson Laidler takes over Tindles Chartered Accountants" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Bishop Fleming secures minority investment from Synova
Private equity firm Synova has picked a minority stake in Bishop Fleming to back the next growth phase of the UK-based accountancy business. This investment from Synova, which oversees more than £1.7bn ($2.28bn) in capital in UK, Ireland and Continental European markets, will speed up Bishop Fleming's growth plan, a statement from the accountancy firm revealed. It is aimed at positioning Bishop Fleming among the 'leading' national accountancy firms in the UK, the statement added. The deal awaits regulatory approval. The accountancy firm's Better Growth strategy outlines a future of 'sustainable' growth, with the expansion expected to introduce new capabilities, specialist expertise, and talent. Bishop Fleming managing partner Andrew Sandiford said: 'We launched our Better Growth business strategy two and half years ago, designed to double the size of our business through sustainable organic growth. Our performance during that time has been unrivalled in the mid-market space, such that we are now extending that Better Growth vision to grow beyond £200m and over 2,000 people.' 'This investment is the next logical step to develop Bishop Fleming on the national stage through strategic planned M&A activity.' Sandiford added: 'We are delighted to select Synova as an investment partner to our business. We believe they deliver the best of both worlds. Uniquely enabling us to remain majority partner-owned and led, maintaining control of our business through a traditional partnership business model, but with the exciting backing of a minority investment that perfectly aligns and accelerates our business growth plans.' Bishop Fleming said it is only the second accountancy firm to deploy the full Workday ERP platform, an investment considered pivotal for scaling up the business. The firm, which reported a 15% fee growth to over £48m in 2025, runs nine offices across the South-West of England and West Midlands. Recent milestones in Bishop Fleming's growth include the launch of a new office in Birmingham at the start of 2025, expanding its presence in The Midlands. The firm also expanded its Bristol office and relocated its Exeter office to Winslade Park. Guidance for the transaction was provided by Alantra, a global financial services firm, with additional advisory from PwC, Strategy&, and Addleshaw Goddard. "Bishop Fleming secures minority investment from Synova" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
a day ago
- Business
- Yahoo
Robson Laidler takes over Tindles Chartered Accountants
Robson Laidler, an accountancy and business advisory solutions provider, has acquired Teesside-headquartered Tindles Chartered Accountants. Financial specifics of the transaction were not revealed. The deal, described as Robson Laidler's 'largest acquisition' in more than 100 years, creates a group with a £9m ($12.2m) combined turnover. It also increases the firm's headcount to 126 across Newcastle, Durham, and Teesside offices. Tindles will retain its 20 staff and operate from Medway House at Teesdale Business Park. Founder Robert Tindle will stay on to integrate the businesses, which will trade separately for six months. Tindles partner Angela Foster will lead alongside Robson Laidler's co-managing directors Amy Park and Nick Wilson, and directors Michael Moran, Peter Charles, John Holbrook, and Nick Cunningham. Nick Wilson said: 'This forms an important part of our overall growth and investment strategy where we aim to open more office locations across our five-year-vision. Our strategy is to remain independent whilst keeping our purpose at the forefront of everything we do, which is to make a positive difference to people's lives and that includes our clients, our people and the wider community. Our vision is to leave a legacy by becoming the firm of choice, growing our business in a way that makes us proud, focusing on both purpose and profit. 'Rob and Angela have built a hugely successful business over many years in Teesside and are a fantastic fit in terms of shared values, services and geographically where we want to grow our business. Ensuring continuity across our whole client base is paramount and we are excited to have Tindles join us on our journey to make the biggest impact possible as a unified force.' Hay & Kilner and JLF offered legal advice to Robson Laidler on the deal, while Punch Robson represented Tindles. "Robson Laidler takes over Tindles Chartered Accountants" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Armstrong Watson secures eight-figure funding from HSBC UK
Armstrong Watson, a UK-based accountancy firm, has secured an eight-figure funding package from HSBC UK. The firm will use the funding to drive its expansion across the North of England and Scotland. Based in Carlisle, Armstrong Watson operates 19 offices in locations including Leeds, Newcastle, Manchester, Kendal, and Glasgow. The organisation currently employs more than 800 individuals and is set to strengthen its footprint in the area. Armstrong Watson managing partner and chief executive Paul Dickson said: 'We're committed to helping our clients grow with confidence, secure their futures and enjoy peace of mind through every stage of their journey. 'Our latest acquisition in Glasgow is a fantastic milestone, and with HSBC UK's support we're also embracing the future through digital innovation and further expansion. 'The team at HSBC UK have taken the time to understand our business and ambitions, providing flexible, practical funding that enables us to deliver on our strategy.' The investment will support both organic growth and further acquisitions, with Armstrong Watson planning at least four additional takeovers in the coming years, according to local media reports. The firm recently acquired a Glasgow-based accountancy practice, strengthening its specialist advisory services in Scotland. HSBC UK relationship director Ben Foster said: 'Armstrong Watson is a forward-thinking firm with deep regional roots and a clear growth vision. Our funding will allow them to invest in their people, technology and acquisitions. 'We're proud to support their continued evolution as they deliver real impact for clients across the North of England and Scotland.' The funding will also enable Armstrong Watson to invest in AI and digital technology to create a modern, 'future-facing' working environment, according to Bdaily Business. "Armstrong Watson secures eight-figure funding from HSBC UK" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sky News
10-06-2025
- Business
- Sky News
KPMG to launch election process for next global chair
KPMG, one of the world's big four accountancy firms, is preparing to kick off a process to select its next global chairman amid growing speculation that its UK chief intends to stand for the role. Sky News has learnt that Jon Holt, who has been chief executive of the professional services giant's UK arm since 2021, is being widely touted by colleagues as a contender to replace Bill Thomas as chair of KPMG Global next year. The formal election process will not get underway until the first half of 2026, according to insiders. Under Mr Holt's stewardship, KPMG's financial performance and governance have been stabilised following a torrid period in which it was hit by multiple fines for audit failings. The most notorious of these related to Carillion, the collapsed construction giant. KPMG has not yet disclosed details of the process of electing Mr Thomas's successor, although the incumbent was chosen by KPMG's global council, which includes representation from all member firms. Previous chairs of KPMG's global network, including the Brit Sir Mike Rake, have combined the role with leading their domestic firm, although it was unclear whether such a dual role would still be seen as viable. In a statement issued to Sky News, a KPMG International spokesperson said: "Bill Thomas's term as KPMG Global chairman and CEO runs to September 30 2026.
