Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Grant Thornton UK LLP has promoted Martin Verrall to transaction tax partner in its South region, based in the firm’s Gatwick office.
In his new role, Verrall will lead a team of 10 located across the South of the UK, with input from other VAT and employment specialists.
He will continue to provide specialist expertise and advice to business owners when selling their companies. Grant Thornton said he will also play an important national support role at the firm by supporting the growth of the sell side transaction tax practice.
Verrall joined as a graduate at Grant Thornton 15 years ago and spent the last decade working in transactions. In recent years, his key responsibilities have been focussed on leading sell side transaction tax.
Grant Thornton added that Verrall’s appointment comes at a vibrant time in the South’s economy, as the M&A market continues to thrive following a bumper year for deals activity.
Outside of London, the South reportedly has the largest number of transactions by volume and value. Verrall will help to support and expand the team in order to meet the “growing appetite” to invest in the region.
Verrall said: “This is an exciting time to be appointed as partner at Grant Thornton and I’m looking forward to helping further develop what is already an exceptional team.
“We all recognise the economic headwinds and this can be seen in some deal processes taking longer as well as a greater emphasis on deferred consideration such as earnouts. As a result, now more than ever we are encouraging business leaders to spend more time in the planning stage of an exit event so that they have as smooth a process as possible.”
John O’Mahony, tax partner who heads up Grant Thornton UK LLP’s Gatwick office, added: “There’s a really buoyant market in the South for transactions right now which is driving a lot of demand for specialist advice and information. Martin’s role as a transaction tax partner will really help to grow the size and capabilities of the team.”
Alan Richardson, head of South Tax, said: “Martin’s appointment is a great example of our commitment to developing what is already a highly talented team. Thanks to his impressive skills and expertise, he’s ideal for not only providing the businesses in the South with first-rate advice and guidance but also in supporting our regional specialists.”
