PracticeAccounting FirmsGrant Thornton wins new AIM-listed advertising audit client

Grant Thornton wins new AIM-listed advertising audit client

Scottish office picks up Digital Global Services audit work

THE SCOTTISH ARM of Grant Thornton has secured the audit of online advertising services provider Digital Globe Services (DGS).

Grant Thornton will provide a series of services to DGS as it looks to expand. The AIM-listed business, valued at $73.9m (£47.5m) in February at the time of flotation, currently operates out of the US, Canada, Mexico and Pakistan.

Local Grant Thornton audit teams led by Scotland-based partner Sandra Rodger in the UK will provide day to day financial and governance services, as well as additional resource and advice to support the company.

Rodger said: “The DGS flotation was a particularly intense piece of work, across three continents and numerous different time zones. The end result was ultimately a very gratifying one, with DGS raising over £13m to fund its expansion into Latin America, Europe and Asia Pacific; with the company using its robust financial position to grow its business between 20 and 30% annually. As DGS’s auditors and business advisers we are looking forward to playing a significant part in that expansion.”

DGS’ Scots-born CFO, Bruce Casely, said DGS has been “delighted” with the support received from its advisers, “both locally and internationally”.

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