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Irish Post
a day 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
7 days ago
- 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.
Business Insider
04-06-2025
- Business
- Business Insider
Catalyst Pharmaceuticals CEO Daly buys 70,000 common shares
In a regulatory filing, Catalyst Pharmaceuticals (CPRX) president and CEO Richard Daly disclosed the purchase of 70,000 common shares of the company on May 30 at a price of $24.86 per share. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
