Vantis will pay £1.436m in cash on completion of the deal, with the balance mostly deferred over the two years to September 2005 and dependent on performance.
W&S is a seven-partner firm based in London and Vantis said it would bring ‘complementary strengths in forensic accounting, particularly expert witness and litigation, the IT and restaurant/catering sectors, together with expertise in accountancy outsourcing, business and taxation services’.
W&S’s non-audit turnover is estimated at about £2.5m a year.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com