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Duncan and Toplis is accelerating its growth plans through external investment from private equity firm Blixt Group.
Blixt is a pan-European private equity firm headquartered in London, with access to over €250m (£214m) of committed long-term institutional investor funding. An experienced investor in professional services, Blixt focuses on growth-oriented businesses.
The Duncan and Toplis growth strategy focuses on the continued investment in its team, the expansion of its service proposition, and the leveraging of technology to unlock new opportunities for the business’ team members, clients, and communities. This will be complemented by acquisitive growth.
Adrian Reynolds, managing director at Duncan and Toplis, said: “Over almost a century, Duncan and Toplis has been a trusted partner to generations of people, businesses, and communities and we’re always working to have a greater positive impact.
“Our new growth strategy will start the next 100 years as we mean to go on, accelerating our progress and protecting that which makes our business special, while taking it to the next level.”
He added: “Blixt is an ideal partner for us because they share our focus on culture and growth for the right reasons. They also bring incredible expertise in strategic thinking, supporting us in the direction we want to travel in, helping us further along the path, and accelerating our progress.”
Duncan and Toplis was founded in 1925 in Nottingham before it relocated to Grantham and expanded across the East Midlands. It provides businesses and individuals with a range of services including accountancy, audit and assurance, tax and business advice, wealth management, legal services, payroll, marketing, HR, and international business services.
Carl Harring, CEO at Blixt, said: “We are delighted to be working with Duncan and Toplis. We have been impressed by the quality, track record, and ambition of the business, and its exemplary commitment to both its people and its clients.
“We really look forward to partnering with the team at Duncan and Toplis and other like-minded accounting firms to help accelerate growth.”
All Duncan and Toplis board members, directors, and team members will remain in their existing roles, with Adrian Reynolds continuing as managing director of Duncan and Toplis and Andy Severn as managing director of wealth management business Castlegate which is part of the Duncan and Toplis group.
