Today’s news in brief – 18/3/2025
Xeinadin has acquired Raffingers, a top 100 London-based accountancy firm, in its largest acquisition to date. This move adds 70 team members and follows recent acquisitions of Landmark Accountants and CB Reid. Raffingers specializes in recruitment, charity, property, and construction sectors, offering services like COP8 and COP9 HMRC enquiries, corporate finance, and EOT advice. Partner Lee Manning highlighted the shared commitment to client service and professional development. Xeinadin CEO Derry Crowley welcomed the partnership, emphasising its alignment with Xeinadin’s mission to empower SMEs with expert financial support amid economic challenges.
DJH has surpassed £17m in North West revenues, driven by organic growth and acquisitions, including Haines Watts Altrincham, Lyon Griffiths Nantwich, and DTE Bury. The firm relocated its corporate finance team to its Manchester city centre office to support its expanding client base. Specialising in owner-managed businesses across multiple sectors, DJH aims to capitalise on the Northern Powerhouse initiative and Manchester’s economic growth. CEO Scott Heath highlighted the firm’s commitment to developing regional talent and strengthening industry relationships. DJH plans to continue expanding, investing in technology, and positioning itself as a leading advisory firm in the region.
ICAEW has appointed Sandra Mundy as a non-lay member of its regulatory board for a three-year term. Mundy, a chartered accountant and licensed insolvency practitioner, has been a partner at James Cowper Kreston since 2009, leading its restructuring and insolvency team. She has previously served on ICAEW’s restructuring advisory group and appeals committee. The regulatory board oversees ICAEW’s disciplinary work to ensure it acts in the public interest. Mundy expressed her commitment to maintaining public confidence in the profession and collaborating with fellow board members to uphold high standards of trust and accountability.
The Financial Reporting Council (FRC) has launched an investigation into MacIntyre Hudson LLP’s audit of ISG Limited’s 2022 financial statements. The decision was made by the FRC’s Conduct Committee on 21 January 2025. The inquiry, conducted under the audit enforcement procedure, will examine the statutory auditor’s role. The investigation does not extend to other individuals or entities. The FRC aims to ensure audit quality and maintain public confidence in financial reporting. MacIntyre Hudson has been contacted for comment, and further updates will follow as the investigation progresses.
