Monahans has acquired McGills Chartered Accountants and The Insolvency Company as part of its growth strategy, bolstered by a significant investment from Sumer Group. The acquisition increases Monahans’ headcount by 30% and adds three new South West locations. McGills’ team will continue to provide financial advice in the Cotswolds, while The Insolvency Company enhances Monahans’ debt advice services. Partners from both firms will join Monahans, with the move expected to expand service availability and consolidate expertise across the South West. Monahans views these acquisitions as a strategic fit that aligns with its culture and growth plans.
Azets has appointed George Roberts as its new corporate tax partner in Glasgow. Roberts, who previously led EY’s local transactions tax team, brings extensive experience in developing tax strategies for UK and international transactions, including major European buyouts. In his new role, Roberts will advise Azets’ corporate clients on tax strategies and collaborate with the firm’s corporate finance team on M&A, disposals, buyouts, and financing transactions. Azets sees Roberts’ expertise as a valuable asset, especially for supporting SMEs in leveraging tax strategies to drive business growth both in the UK and abroad.
Wbg has promoted Neil Clark and Siobhan Archibald to managerial positions within its internal audit team, which is set to double in size due to significant growth. The firm has secured places on two new frameworks, including Yorkshire Purchasing Organisation and Pagabo, enhancing its reach in sectors like education and social housing. Wbg is the only Scottish independent accountancy practice with audit operations across the UK. The firm aims to grow its turnover from £13 million to £30 million within five years, driven by its reputation for excellence and high conversion rate in tenders.
Westcotts’ Corporate Finance team has advised Calleva Limited on its merger with Wellma, a Swedish nutraceuticals and pharmaceuticals group. The merger marks Wellma’s entry into the UK market, with Calleva recognized for its high-quality, innovative nutraceutical products. The strategic alignment is seen as a perfect fit, combining Calleva’s unique capabilities in formulations and manufacturing with Wellma’s commitment to quality and innovation. Westcotts played a key role in managing the sale process, ensuring favourable deal terms. The merger is expected to drive growth and expansion, highlighting the South West as a dynamic business environment.
