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Today’s news in brief – 5/2/2024

RMT Accountants adds to its team with the appointment of Hamza Mahmudov as audit senior and Charlotte Baron as a payroll assistant. Mahmudov, with a decade of experience, will lead audits for businesses of all sizes, emphasising growth and professional development in his new role. Baron, shifting from an English Language degree to the payroll sector, brings five years of experience and focuses on issues related to company pensions and healthcare payroll. RMT continues to expand across sectors, aiming to meet increasing client demand by recruiting talented professionals like Mahmudov and Baron.

Price Bailey’s corporate finance team has led the sale of Robert Lee Distribution Ltd, a £50m bathroom product distributor, to HLD Group, owner of Aquadart Bathrooms Ltd. The deal presents a significant opportunity for both companies to enhance their services and strengthen their position in the bathroom sector. The merged business will operate from Robert Lee’s head office in Hertfordshire, offering an expanded product range to a broader customer base. Mark Rowntree, leading the transaction at Price Bailey, highlights the deal’s positive impact, creating synergies throughout the supply chain and leveraging Aquadart’s design and manufacturing expertise.

Declan Kirby has joined Evelyn Partners as a chartered financial planner in the Birmingham office, having previously worked at Henwood Court Financial Planning. Specialising in providing financial planning and wealth management advice to senior executives, business owners, and professionals, Kirby’s appointment strengthens Evelyn Partners’ financial planning team. The group, supporting clients in both personal and business financial affairs, welcomes Kirby’s high-calibre expertise. Managing Partner Niraj Vyas expresses excitement about Kirby’s addition, emphasising his client-focused approach and anticipating his pivotal role in the firm’s regional expansion.

Buzzacott’s transaction services and tax teams have supported investment manager Downing LLP in acquiring a portfolio of 4,200 solar PV residential installations for £26m. The renewable energy and infrastructure arm of Downing Estate Planning Service completes the purchase from Foresight, benefiting from 100% fixed revenues through feed-in-tariffs. Downing’s internal infrastructure asset management team will oversee operations. Buzzacott’s financial and tax due diligence, along with structuring advice, contributes to Downing’s commitment to responsible investing. The acquisition is expected to yield long-term positive impacts for investors and the environment, aligning with Downing’s focus on sustainable energy investments.

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