Kidsons offices could be 'cherry picked'
Concern is rising among partners at HLB Kidsons that its regional offices could be subject to 'cherry picking' following the collapse of its plans to merge with Grant Thornton.
The deal would have created a firm with Pounds 230m of fee income but the would-be partners announced on Friday last week that they had, after seven months of negotiation, failed to agree terms.
Insiders say there is now disarray inside Kidsons with the merger failure throwing doubt on the future of Ray Greatorex as national managing partner.
It is understood approaches have been made to regional Kidsons’ offices with Ipswich emerging as a possible first target.
The merger suffered setbacks when it became clear Grant Thornton did not want to take all Kidsons’ offices.
A Kidsons spokesman said the firm is still behind Greatorex who was brought in May last year especially to merge the firm.
Links
Grant Thornton merger collapses
Fresh obstacles threaten GT merger
Grant Thornton faces merger crisis
GT and Kidsons wrangle over merger
Mid-tier merger vote set for January
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Kidsons set to merge with Grant Thornton