Tue, 17 Dec 2024 | BUSINESS SALE
Business advisory and accountancy firm Xeinadin has expanded its footprint in the ‘SME hotspot’ of South East England by making a double acquisition.
UK and Ireland group Xeinadin, with 135 offices and over 2,500 employees, has bought two well-established accountancy firms in Kent, Friend & Grant Ltd and Hedley Dunk Limited. This, it said, underscored its “commitment to expanding its support for businesses in key sectors”.
Xeinadin has identified the South East of England as a hotspot for small business growth. Indeed, a recent Xeinadin survey of 1,000 SMEs across the UK found that almost half in the South East reported revenue increases in the past 12 months.
Both Kent firms will retain their existing teams and office locations following their respective deals, while gaining access to Xeinadin’s extensive resources and collaborative network.
Friend & Grant, with offices in Strood and Kings Hill, has over thirty years of experience in fields like engineering, manufacturing, digital technology and e-commerce. The firm, with 30 employees, is known for its specialist consultancy approach helping companies in areas such as streamlining financial management with cloud-based solutions, to resolving management team conflicts to drive business growth.
Established in 1929, Dartford-based Hedley Dunk’s team of 16 specialises in construction, motor trades, agriculture, and professional services.
Derry Crowley, Chief Executive Officer at Xeinadin, said: “Kent is home to a diverse and thriving business community, and bringing Friend & Grant and Hedley Dunk into the fold will allow us to give even more support to local businesses. These acquisitions are about providing real solutions, whether it’s helping businesses manage financial pressures or supporting the health of business owners. Together, we’ll have the expertise and resources to help small businesses in the region thrive.”
Stephen Fryer, Director at Hedley Dunk, also highlighted the importance of offering professional and wellbeing support to clients. “The partnership will strengthen our ability to deliver tailored advice and business solutions to clients. We’re excited to help our clients grow, not just by solving their financial issues, but also by supporting their mental wellbeing, which is just as important in today’s business environment,” he said.
Find out why more financial firms are looking at M&A
This established firm in West Yorkshire offers a significant opportunity with £160 million funds under management and a stable office and staff base, providing continuity post-acquisition.
This is a rare opportunity to acquire a highly profitable client bank with an average portfolio size above £800,000.
This unique opportunity offers you the chance to acquire a well-established accountancy practice with a loyal client base and strong recurring revenue, located in Bristol.
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