Fri, 13 Jun 2025 | BUSINESS NEWS
A Carlisle-headquartered accountancy and advisory business that operates across the North of England and Scotland has secured fresh investment to continue its M&A growth drive.
Armstrong Watson operates from 19 regional offices, including locations in Newcastle, Glasgow, Manchester, Leeds and Kendal, and employs more than 800 staff. The company is now eyeing further growth after securing an eight-figure funding package from HSBC UK.
The firm recently completed its latest acquisition, with a deal for a Glasgow-based accountancy practice, and says it is planning at least four additional acquisitions over the coming years. The company's M&A activity reflects a long-term strategy of expanding and enhancing its service offering and expanding its specialist advisory services across the North of England and Scotland.
The new funding package will also support the company’s continued investment in technology and digital services, including the adoption of AI.
Armstrong Watson Chief Executive and Managing Partner Paul Dickson commented: "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."
Ben Foster, Relationship Director at HSBC UK described Armstrong Watson as “a forward-thinking firm with deep regional roots and a clear growth vision.”
He continued: “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."
M&A is playing a vital role in enabling many UK accountancy firms to broaden their service offering and keep up with a rapidly changing market
Amid tough financing conditions, companies seeking to grow acquisitively may need to get creative when sourcing the funds they need
This hub business in the East of England offers an exceptional opportunity to expand or establish a presence in Suffolk. Its strong market position and impressive track record make it an attractive proposition for strategic buyers.
This well-established London practice, with over 35 years of reputable service, offers a strong client base predominantly consisting of limited companies and a skilled team that drives continuous growth.
An established solicitors’ firm regulated by the SRA and based in Warwickshire is available for sale or merger, offering a unique opportunity for potential buyers.
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