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Today’s news in brief – 13/10/2023

PKF Smith Cooper has facilitated the management buyout of QEP-UK, a home improvement firm specialising in tiling, flooring, and hardware. The UK business is now owned by the Boyce Family Group, led by Paul Boyce as CEO. The management team acquired the UK business from QEP Inc, a US-listed company, and will continue trading as QEP-UK. The deal was supported by PKF Smith Cooper’s strategic and technical advice. The firm’s tax partner, Adam Rollason, expressed confidence in QEP-UK’s prospects under the new ownership.

MoynanSmith has appointed Richard Moffatt as a chartered accountant and Abbie Hetherington as a payroll advisor. Moffatt brings a decade of experience in the audit sector, while Hetherington specialises in payroll services. The company’s organic growth is fueled by word-of-mouth recommendations. MoynanSmith views payroll services as a growing area and aims to support its clients in this regard, with Hetherington managing the service.

Dow Schofield Watts (DSW) has expanded its Transaction Services team in the North West with the appointment of Will Beckley as an executive. Beckley, a qualified chartered accountant, joins DSW from RSM UK and will work closely with partners providing financial due diligence to acquisitive businesses and private equity firms. The addition of Beckley and Declan Littler comes at a time of increased deal activity for the team, supporting their growing deal pipeline.

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Haines Watts has appointed Matthew Bracher, Ben Loveday, Stephen Lucey, and Donna Bulmer to senior leadership roles within the firm. Bracher and Loveday, regional managing partners in the South West and South East respectively, will join the board as non-executive directors. Lucey, the managing partner in Cardiff, becomes chairman, and Bulmer, the regional managing partner in the North, takes on the role of group managing partner. These appointments reflect the firm’s commitment to refocusing its nationwide network of practices to meet growth aspirations and address market challenges.

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