PracticeConsultingKidsons revamps after merger failure

Kidsons revamps after merger failure

HLB Kidsons has revealed a complete revamp of its management structure in the wake of the failed attempt to merge with Grant Thornton.

There are now five new members of the firm’s national executive committee after national managing partner Ray Greatorex’s shake up.

Greatorex has taken the unusual step of drafting the firm’s heads of service to the NEC who will now sit alongside the regional heads which have been reduced to just four from seven.

Greatorex said his intent was to make the regional heads ‘full time managers’ and bed down a ‘one firm’ culture in the organisation.

Calling the appointments as promotions Greatorex said: ‘I’m very optimistic about the way things are going at the firm.’

‘There are areas where we are making progress but others where we are not getting benefit because we are not portraying ourselves nationally.’

This year’s Accountancy Age Top 50 reveals HLB in eleventh place having built a 7% increase in fee income over the past year with turnover standing at £73m.

Links

‘No merger plans’ says defiant HLB

HLB Kidsons chief Greatorex set to stay

Kidsons offices could be ‘cherry picked’

Grant Thornton merger collapses

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