The group will pay £450,000 up front and further annual payments of at least £50,000, depending on Segal hitting turnover goals, The Financial Times reports.
Begbies Traynor executive chairman Ric Traynor said Andrew Segal – the founder of the newly acquired business – had ‘built up a very profitable firm’ and had joined Begbies Traynor to do ‘bigger and better’ work.
Traynor said the integration would see cost savings, and expected the acquisition to be ‘earnings enhancing’.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars
Investment in people, tech and businesses impacts on EY's profit per partner figure
RSM has appointed Kevin Edwards as a tax partner in its Nottingham office