Latest news with #DJH
Irish Post
3 days ago
- Business
- Irish Post
British-based accountancy firm makes inroads into Ireland after partnering with Dublin company
A BRITISH-BASED accountancy firm has announced its first partnership in Ireland as part of wider plans to allow its British-based clients to trade in Europe. DJH was founded in 2021 with the merger of two Staffordshire firms and has since made 15 acquisitions to become a multidisciplinary team of 670 people across England. MSD Accountants in Dublin has now joined the group, providing a strong link into Britain for the Irish firm's own clients already operating there. "It is fantastic to be joining the DJH group and all the additional expertise, enhanced capabilities and international reach that comes with it," said MSD Managing Partner Richard Daly. "The two businesses share similar values of trust, transparency, quality and client service. "Joining DJH will benefit our existing clients through enhanced infrastructure and, for our clients operating in the UK, we will now have a full-service integrated offering there." Formed in 1990, MSD provides expertise in advisory, assurance, business support services and tax to subsidiaries of multinationals, mid-size private companies, family businesses and large organisations operating across multiple jurisdictions. Its team work across a range of sectors, including professional services, entertainment, hospitality, construction, automotive, distribution, IT and communications. Daly will continue to lead the team alongside fellow partner, Brendan Murtagh, and clients will continue to be supported by the 30-strong team at their Santry Business Park offices. 'Attractive access point' DJH is a top 40 British accountancy and professional services group that has ambitions to break into the top 20 within the next four years. Having acquired its first office in Ireland, the company wants to increase organic growth with MSD by extending services to existing clients and attracting new ones. It sees the Dublin firm as a 'perfect fit' to allow it to offer services to British-based clients looking to expand into Europe. "Dublin is one of the most significant financial hubs in Europe, with a strong economy, favourable corporate tax rate and, post-Brexit, it has become an increasingly attractive access point for UK firms looking to trade with the EU," said James Beardmore, COO of DJH. "We've aspired to have a presence in the city for a long time and MSD Accountants is the perfect fit, with its reputation for fantastic service and specialisms in several aligned sectors for us. "Importantly, it gives DJH multinational service capability and EU regulatory compliance for UK clients looking at cross-border planning, tax efficient structures and expanding their European operations through an Irish presence." Beardmore also believes further acquisitions in Ireland will follow on from the MSD deal. "The partnership also gives us the perfect platform to target more M&A activity in Ireland," he said. See More: DJH, Dublin, MSD Accountants
Irish Independent
15-07-2025
- Business
- Irish Independent
Dublin accountancy firm is bought by British services group DJH
Formed in 1990, and with offices in Santry Business Park, MSD Accountants provides advice in business support and tax to subsidiaries of multinationals as well as private companies and large organisations operating across several jurisdictions. DJH, which is backed by the private-equity investor Tenzing, says it is aiming to become one of the UK's top 20 accountancy and professional services firms. James Beardmore, its chief operating officer, said: 'Dublin is one of the most significant financial hubs in Europe, with a strong economy, favourable corporate tax rate and, post-Brexit, it has become an increasingly attractive access point for UK firms looking to trade with the EU. 'We've aspired to have a presence in the city for a long time and MSD Accountants is the perfect fit, with its reputation for fantastic service and specialisms in several aligned sectors for us. 'Importantly, it gives DJH multinational service capability and EU regulatory compliance for UK clients looking at cross-border planning, tax efficient structures and expanding their European operations through an Irish presence.' This is the latest in a series of takeover deals in the Irish accountancy sector. Small to medium-sized Irish companies are facing rising costs from regulation and technology, while overseas firms are keen to have a presence in a EU country with an expanding economy and that plays host to many global tech and pharma companies. Private equity has been interested in lending support, because the income of accountancy firms tends to be constant, which simplifies the financing of takeover deals. The MSD team in Dublin will still be led by Richard Daly, as managing partner, and Brendan Murtagh, as head of assurance. 'Joining DJH will benefit our existing clients through enhanced infrastructure and, for our clients operating in the UK, we will now have a full-service integrated offering there,' Mr Daly said. DJH has now made 15 acquisitions in the four years since it was launched, and increased the size of its team to 670 people. Among its office locations are Derby, Leeds, and Manchester. In April, it acquired McBrides Chartered Accountants in Bexley, making a first strategic expansion into London and the south of England.
Yahoo
10-06-2025
- Business
- Yahoo
DJH acquires West Midlands accountancy firm Nicklin
DJH, a UK-based finance and business advisory group, has acquired Halesowen-based accountancy practice Nicklin. Financial terms of the acquisition were not disclosed. The move is part of DJH's strategy to become one of the UK's top 20 accountancy firms. The acquisition strengthens DJH's presence in the West Midlands, where it already operates offices in Walsall and its head office in Stoke-on-Trent. Nicklin, with a 90-year history, joins DJH's network of 13 offices across the UK, including Huddersfield, Leeds, and Sheffield. The deal increases DJH's regional headcount to 230. The group offers audit, tax, accounting, and specialist advisory services. DJH CEO Scott Heath said: 'We are firmly committed to supporting businesses in the West Midlands, so – when the opportunity came up to partner with one of the Black Country's most respected and longest-standing firms – we jumped at the chance. 'Continuity is extremely important to us, with members of the senior leadership team agreeing to stay on to lead Nicklin in this exciting next chapter of its story.' The transaction marks the sixth collaboration between DJH and Tenzing since 2022. Tenzing Investment lead Matt Nicholsonat said: 'Scott and the team at DJH are building a strong business and I'm delighted the Nicklin team have chosen to join us all on the journey. 'The West Midlands is a key region for DJH so partnering with such a strong and respected business is really exciting.' "DJH acquires West Midlands accountancy firm Nicklin" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-04-2025
- Business
- Yahoo
DJH acquires McBrides in strategic Southern UK expansion
DJH, a UK accountancy and professional services group, has announced its acquisition of Bexley-based McBrides Chartered Accountants. This deal marks DJH's first strategic expansion into London and the South, as the group aims to break into the sector's top 20. The deal will allow DJH to leverage McBrides' regional influence and expertise across various industries. The acquisition will enable DJH to tap into McBrides' specialisms in guiding professional services, law firms, property businesses, shipping companies, and UK subsidiaries of international companies. DJH, backed by Tenzing, will in turn offer a suite of services including R&D tax credits, capital allowances, commercial funding, HR, and IT support. Tanya Hamilton, managing partner at McBrides, will continue to lead the business alongside the existing partner team. Expressing enthusiasm about the new partnership, DJH CEO Scott Heath said: "It has always been our aspiration to have a substantial office in the South and the partnership with McBrides gives us an immediate presence in the region with a business that shares our values of teamwork, client service and trust." DJH's growth trajectory includes ten acquisitions over the past three years, expanding the firm to a multidisciplinary team of over 580 people across ten offices. The latest acquisition is claimed to not only provide career development opportunities for both DJH and McBrides teams but also enhances the potential for growth in specialist service lines. "Joining DJH is a major milestone in our journey, providing an opportunity to strengthen our services, giving new and exciting opportunities for further growth," said Tanya Hamilton. She highlighted the benefits of joining a top 40 UK accountancy firm, including increased investment in technology and team wellbeing. Matt Nicholson, investment lead at Tenzing, welcomed McBrides to the DJH family, emphasising the importance of finding partners with the right culture for continued growth. "This is particularly true when entering a new region, which is a major milestone for the DJH Group," he added. McBrides, established in 1973, celebrated its 50-year anniversary in 2023. With eight partners and over 50 employees, the firm has carved out specialisms in various sectors and opened a payroll bureau in the North East in 2021. DJH, claimed to be a top 40 UK accountancy group, has bolstered its national presence through strategic acquisitions, combining local expertise with a national reach. Tenzing, with headquarters in London and hubs in Munich and Stockholm, supports European B2B software and tech-enabled businesses, managing £1.7bn in assets across 18 portfolio companies. "DJH acquires McBrides in strategic Southern UK expansion" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
