PracticeConsultingConsolidators under fire at National Accountancy Exhibition

Consolidators under fire at National Accountancy Exhibition

Consolidators attempting to buy up mid-tier UK accountancy firms have come under fire at this week's National Accountancy Exhibition at the Birmingham NEC.

Delegates were warned against the concept at a presentation by Reading-based accountancy firm service provider Goldsmiths Group.

Ron Goldsmith, managing director, said: ‘I think the concept will be failure at the end of the day.’

He added: ‘However you sell your practice, make sure it’s sold within the industry. Having six firms coming together is not necessarily the way forward. Being big may not necessarilt be a happy solution.’

He named consolidators such as Tenon who are understood to be in discussions with a number of mid-tier and smaller firms.

They say they offer firms major opportunities for growth and development.

Other highlights at the Accountancy Age sponsored event – the biggest UK accountancy exhibition – included over 100 exhibitors including 2005 Research, Access Accounting and Pegasus Software.

A raft of presentations were given throughout the event and highlights included David Forbes who gave a lively discussion on filing tax returns over the internet.

Meanwhile Paul Sparkes from Exchequer Software gave a no-nonsense guide to e-commerce, web catalogues through to business trading over the web.

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