Fri, 31 Oct 2025 | BUSINESS NEWS
Accountancy and advisory firm MHA has said it will continue to target acquisitions after reporting strong growth in the first half of its financial year, during a period of “both organic and acquisitive expansion”.
MHA completed an AIM IPO shortly after the start of the period in April 2025, raising £97.8 million in gross proceeds, which it said would be used to support bolt-on acquisitions to accelerate its growth, as well as to invest in new technology, including AI.
Since then, the company has completed the acquisition of professional services firm Baker Tilly South-East Europe Holdings (BTSEE), which provides a range of services, including audit, tax, advisory, legal and corporate, to clients in Cyprus, Greece and South-East Europe.
The company’s H1 26 revenue is expected to be around £121.3 million, an increase of 13 per cent from £107.2 million. 3 per cent of this growth relates to the BTSEE acquisition in August 2025, with a further 1.5 per cent attributable to the full period income generated by Baker Tilly Ireland, which was acquired in July 2024.
MHA Chief Executive Rakesh Shaunak (pictured above) commented: "The group experienced strong growth across all service lines in H1 26, reflecting the strength of our platform and the success of both organic and acquisitive expansion. Our core sectors performed well, most notably financial services, manufacturing, professional services and engineering and technology, each of which recorded significant double-digit revenue growth compared with H1 25.”
"The group is well-placed to build on the momentum established in recent years, scaling further and driving innovation while maintaining high client standards. Supported by long-term structural growth drivers that underpin demand for our services and a compelling client proposition, the board remains confident in the outlook for continued organic and acquisitive growth, in line with its medium-term goal of exceeding £500m in annual revenues."
MHA’s interim results are expected to be published in late November 2025. The group believes current market expectations for revenue of £249.5 million and underlying adjusted EBITDA of £44 million in FY26.
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