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Accountancy and strategic advisory agency Menzies has merged with London-based agency Butler & Co, as a part of its ongoing progress technique. The transfer is the most recent in a succession of mergers by Menzies, because it goals to hit an annual turnover of £75 million by June 2025.
Simon Massey, managing accomplice at Menzies, mentioned, “This merger with Butler & Co represents one other necessary step within the Menzies story, strengthening our rising presence within the capital. We noticed a number of necessary synergies together with tradition, shoppers, and methods of working that made it a wonderful match for us. Audit is one in every of Menzies’ key strengths and best-performing service strains; the addition of extra folks to our specialist audit workforce will additional strengthen our proposition.”
Headquartered out of London, with a community of workplaces throughout Surrey, Hampshire, Hertfordshire and Cardiff, Menzies has over 600 staff and an annual turnover of greater than £60 million. The agency presents a full vary of companies – together with audit and accounts advisory, tax, enterprise restoration, strategic advisory, and outsourced companies.
Specialising in audit and serving worldwide shoppers, Butler & Co has been pleased with its sturdy consumer relationships and status for prime quality work. A devoted workforce of 12 folks will now be a part of Menzies’ present 150-person London workplace, whereas shoppers in an extra 150 international locations will profit from companies on account of Menzies’ membership of the worldwide HLB community.
Sanjeev Phadke, accomplice at Butler & Co, famous, “A longstanding dedication to excellence in each our work and consumer service has outlined our agency for a few years. Following the exploration of a number of choices for our enterprise, together with discussions with personal fairness corporations, it turned clear that Menzies’ story represented one of the best match for our workforce. This merger will be certain that our shoppers proceed to see this excellence in each interplay, with the addition of Menzies’ sturdy Audit workforce, its Brighter Considering ethos, and worldwide accomplice community.”
The transfer marks one other milestone for Menzies’ ‘5 12 months progress plan’, which it started in June 2020 with turnover of £43 million. By way of a lot of mergers, it’s at the moment on observe to succeed in a focused turnover of £75 million by June 2025. Merging with Butler & Co will assist with this particularly by increasing Menzies’ capability to satisfy shoppers’ wants in London and the south-east of England, the place demand for companies has grown steadily.
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