Today’s news in brief – 12/2/2025
Evelyn Partners achieved record Assets Under Management (AUM) of £63bn by the end of 2024, with Q4 gross inflows rising 36.8% to £2.6bn. Annual gross inflows hit £8bn, while net inflows reached £1.3bn. The firm also announced the sale of its Professional Services business to focus solely on wealth management. CEO Paul Geddes highlighted strong market performance and increased client engagement following the Autumn Budget. While outflows rose due to high interest rates, Evelyn Partners remains optimistic about long-term growth in wealth management, emphasizing strategic opportunities amid evolving financial landscapes. The transaction is set to complete in Q1 2025.
Xeinadin has acquired CB Reid Limited, expanding its Dorchester operations by adding 20 employees. Specializing in accounting, tax, and advisory services, CB Reid supports startups and established businesses. CEO Derry Crowley emphasized Dorset’s growing entrepreneurial scene and the value CB Reid brings. Managing Director Pete Cattermole noted that joining Xeinadin ensures continued high-quality client service. The acquisition follows Xeinadin’s recent purchase of Landmark Accountants, marking over 30 acquisitions in two years. Xeinadin continues its expansion strategy, offering businesses comprehensive financial expertise and digital-first solutions to help them navigate today’s evolving market challenges and opportunities.
SBP Accountants has appointed Peter Manson as audit manager to support the firm’s growing audit division. A dual-qualified accountant with over six years of experience, Manson specializes in audit, tax, VAT, and financial reporting. His appointment follows a successful 2024 for SBP, which saw 11 promotions, including two to director positions. Manson expressed enthusiasm for enhancing SBP’s audit services, while managing partner John Hannah highlighted his expertise in supporting the firm’s strategic goals. SBP continues to expand its professional team, reinforcing its commitment to delivering high-quality accounting and advisory services to businesses across the region.
Over 80% of UK CEOs feel optimistic about 2025, up from 67% in September 2024, according to EY. Business leaders plan transformation efforts, focusing on customer engagement (45%), sustainability (43%), and digitization (43%). However, 19% see a need for faster transformation, while 24% cite cost concerns affecting digital strategies. Nearly all CEOs expect to pursue deals, with 62% targeting M&A, up from 40%. Strategic alliances and IPOs are also on the rise. EY’s Silvia Rindone emphasized the balance between innovation and sustainable growth, predicting a rebound in M&A activity driven by digital advancements and regulatory improvements.
