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Moore Kingston Smith

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Background Summary

The firm was founded in 1907 by Harold Moore and Albert Partridge under the name Moore, Partridge & Co. It became Moore & Co a few years later after Partridge left. The company then became Moore, Stephens & Co in 1918 when John Robinson Stephens, the manager of the firm at the time, partnered with the firm.

In 1986 it established itself as Moore Stephens and in September 2019, the company rebranded to become an international network known as Moore.

The UK company comprises ten member firms with 38 offices and over 1,300 people. Each firm has a strong local presence, providing accounting and advisory services to businesses from start ups to mid-sized listed companies, the not for profit sector and private clients.

Its UK offices are run by third generation family member Richard Moore, who stepped down as chairman in 2019. He is aided by Maureen Penfold, managing partner, and a member of the firm’s governance board and Nick Hilton, the firm’s executive director.

In January 2021, the firm announced the acquisition of the audit and accounting business of Frank Hirth, a top 35 UK accountancy and tax firm. The business comprised Frank Hirth’s general practice audit, accounts and payroll business as well as incorporating its team of 23 employees.

As of 1 May 2024, Matt Meadows is the firm’s current managing partner.

The firm offers a full range of accountancy and audit services to businesses and not-for-profits of all sizes, from startups to large multinational corporations.

Accounting, auditing, assurance – The services include, accounts preparation, annual financial reporting, audit, internal audit, bookkeeping, accounting systems and software, cloud accounting solutions company secretarial services and VAT return preparation.

Consulting and advisory – This service offers advice on a range of topics such as Covid Brexit, cyber security, talent shortages and businesses today. Additionally the service offers advice on dispute advisory and investigations, restructuring and insolvency, governance, risk and internal audit. As well as IT consultancy, corporate finance and wealth management.

Tax – The tax service offers support with VAT advice, business tax, private client tax, capital allowances, research and development tax relief, stamp duty land tax, tax investigations, as well as trusts and estates.

Financials

In October last year, the firm announced its full year results for the year ended 30 April 2023 which saw a revenue increase by 14% to £220.1m.

The total number of partners through the year was 206 and the revenue per partner amounted to £1.06m.

Recent Coverage

Recently, Moore Kingston Smith facilitated the majority stake sale of 2i Testing to Rockpool Investments, a private equity firm, following strategic advisory services and a competitive process, aimed at accelerating the growth of 2i Testing as a leading independent test consultancy.

The firm has also facilitated the sale of Rimmer Bros, a family-owned business specializing in UK marque vehicle parts, to Radial Equity Partners, enabling the company to expand into Europe and the USA while maintaining its legacy, with Marc Fecher leading the deal and overcoming challenges in a challenging market.

In April, Moore Kingston Smith Corporate Finance advised Roycian on a £7m Management Buyout (MBO) of McAndrew Martin, an independent design firm, led by executive chairman Jason Marshall, ensuring real-time advice throughout the transaction and reinforcing Roycian’s interest in professional services.

In February, Moore Kingston Smith advised Gibb Group on the acquisition of Trauma Resuscitation Services Ltd (Trauma Resus), enhancing Gibb Group’s safety and survival offering in sectors like energy, transportation, and healthcare, with Clarksons Port Services recognising the expertise and financial knowledge provided by Moore Kingston Smith during the acquisition process.

In the same month, the firm appointed Alex Horton as a partner in its media team, bringing over 12 years of experience in advising individuals and owner-managed businesses in the entertainment industry, with expertise in creative industry tax relief claims and cross-border tax matters, further enhancing the firm’s ability to provide tailored solutions for clients in the evolving entertainment space.

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