Thu, 11 Jan 2024 | MERGER
UK accounting firms MHA and MHA Moore & Smalley have announced that they intend to formally merge from April 1 2024. MHA Moore and Smalley has been part of the MHA network since its inception more than a decade ago and the firms are now set to merge to form a nationwide audit, tax and advisory practice.
The deal is expected to enhance the ability of both companies to provide a wide range of services to clients across the UK. It will create a practice spread across 21 offices and serving approximately 1,600 partners. The merger continues a busy period for MHA, which opened its first offices in Scotland and Wales during 2023.
MHA Managing Partner and Chairman Rakesh Shaunak commented: "All our clients will be able to access additional new resources with deep expertise across a range of sectors and services. With our strong shared cultures, the merger will also bring new development opportunities for the staff, as well as providing attractive career opportunities for potential recruits."
MHA Moore and Smalley Managing Partner Graham Gordon added: "We have been part of the MHA network since its inception in 2010 and adopted MHA into our name in 2017 as we began working even more closely with our MHA partners.”
"This merger is the next strategic move for us and a significant moment for both firms. It will create an exciting new proposition for our clients and is also a great opportunity for our people to be part of a new firm with serious growth ambitions, in turn helping us to recruit even more impressive talent in the coming years."
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This well-established IFA in Hampshire manages £105 million in funds under management and has maintained a flawless compliance record with no history of complaints.
This well-established Yorkshire-based IFA practice manages over £50 million in funds, delivering a stable recurring income of £475,000 thanks to its loyal clientele.
This is a prime opportunity to acquire a well-established Scottish IFA with a substantial £100m FUM, complete with advisers, support staff, and a fully operational office.
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