Grant Thornton has been handed a £5m credit line by RBS so that it can move
quickly on acquisition targets.
RBS said in a statement: ‘RBS together with Barclays, have provided the firm
with a £5m acquisition finance line to support Grant Thornton UK’s strategy of
opportunistic but strategically aligned acquisitions to support their growth
Recently, the mid tier firm made a successful swoop for Debt Matters’
Individual Voluntary Arrangements book.
Michael Hayman, Partner at Grant Thornton said: ‘The accountancy and business
advisory market remains active in the UK, and we want to be best placed to take
advantage of opportunities as and when they present themselves. This acquisition
line provides us with the flexibility to react quickly and purchase operations
that provide synergies to the business and additional revenue streams.’
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
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton