MHA half-year revenues rise 13% to £121m

MHA has seen revenues rise by 13.2% to £121.3m in the six-months ended 30 September 2025.

This was in part driven by organic growth rising by 9.2%, while acquisitive growth was up by 4%.

The firm said this strong growth was seen across all service lines, and supported by high retention levels and “continued demand” for audit, tax and advisory services.

Activity was particularly strong in financial services, manufacturing, professional services and engineering and technology, with each sector recording double-digit gains.

Its tax teams saw fees rise 17% as clients responded to recent changes in UK rules and cross-border requirements, which continued to drive demand for specialist advice.

MHA said its integration of Baker Tilly South East Europe, completed during the period, was progressing as planned. It added that the deal was already extending its geographic reach and service capability. Investment following its stock market listing was also strengthening technology and data functions, with early initiatives aimed at improving efficiency and client delivery.

Looking ahead, MHA said it enters the second half of the financial year with “positive momentum and good visibility” across its key service lines. 

It added that growing regulatory complexity was supporting demand for high-quality audit, tax and advisory support, while an expanding international footprint was contributing to a strong pipeline.

Rakesh Shaunak, CEO of MHA, said: “We delivered a strong trading performance in the first half of FY 2026 with positive results for a business that continues to grow organically and by way of acquisition, a model that has underpinned our success to date and that we expect will support our future expansion. As always, I am truly indebted to the endeavours of an exceptional staff and partners, without whom our success would not be possible.

“Adoption of AI and automation continue to increase across the firm. More of our people are now using automation in Personal and Corporation Tax, and our pilots of tools such as ChatGPT Enterprise and Microsoft Co-Pilot are expanding into day-to-day workflows.”

He added: “With a strong first half and a clear set of strategic priorities, all of us at MHA remain confident in our prospects for the remainder of the year, despite an uncertain economic backdrop. We expect to deliver a full-year performance in line with market expectations and continue to see significant long-term opportunities for both organic and acquisitive growth.”