Thu, 20 Mar 2025 | BUSINESS NEWS
Manchester-based accountants and business advisors DJH sees more opportunities to continue its acquisition drive after relocating offices in the city.
The business, which provides clients across the UK with audit, accounting, tax and a range of business advisory services, has relocated its specialist corporate finance team from St Ann’s Square into its established city centre offices in Peter Street.
It has also expanded its St George’s House premises as part of the move, taking its headcount to over 200 across the region.
It has eleven offices across the North West, Yorkshire and the Midlands, and specialise in owner managed businesses and working with companies involved in construction, dental, education, franchise, property and transport & logistics.
In less than four years since receiving investment from growth equity investor Tenzing in 2021, the business has increased its revenues in the North West by nearly 240 per cent, from £5 million to over £17 million through a combination of organic growth and a series of acquisitions.
It has acquired Haines Watts in Altrincham for £1.96 million, Lyon Griffiths in Nantwich for £1.18 million and DTE in Bury for just short of £4 million. Other acquisitions include the 2023 purchase of Leeds firm Novis & Co, Huddersfield-based firm Revell Ward for £2.7 million, and £725,000 for specialist dental accountants Minford Dental.
With Tenzing’s backing DJH is looking to acquire businesses with 90 per cent recurring revenue and break into the top 20 UK accountancy firms within the next four years. It plans to achieve this by expanding its service offerings, attracting a broader client base, and pursuing strategic acquisitions within its core regions, the North West and Midlands.
“We’re now focusing on tapping into the business renaissance in the region and the government’s desire to maintain the Northern Powerhouse agenda by building up a strong pipeline of talent to help us facilitate further expansion,” said Scott Heath, chief executive. “Manchester is one of the UK’s fastest-growing economic hubs outside of London, with significant investment in technology, media and manufacturing.”
He added that the diversity of the companies – from starts-ups and owner managed businesses to big corporates – fits its portfolio perfectly and “we believe we are now in a great position to support their day-to-day business advisory requirements and any M&A activity they may be considering”.
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