MHA
Our coverage on MHA focuses on one of the UK’s fastest-growing accountancy and advisory firms, renowned for its strategic innovation and recent public listing. As the UK member of Baker Tilly International, MHA operates across 23 offices with over 1,800 staff, offering services in audit, tax, and business advisory. In April 2025, MHA became the first UK accountancy firm in over a decade to float on the London Stock Exchange’s AIM market, raising £98 million and achieving a market valuation of £271 million. The firm is leveraging this capital to invest in artificial intelligence, pursue strategic acquisitions—including the €24 million purchase of Baker Tilly South-East Europe—and expand its footprint in the fragmented UK and European markets. MHA aims to become a top-10 UK accounting and professional services business, targeting annual revenues exceeding £500 million. Our reporting provides insights into MHA’s growth trajectory, leadership decisions, and its role in reshaping the accountancy landscape.
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Jul- 2025 -15 JulyFeatures
Could Grant Thornton’s EBT model help it attract and retain staff?
Last month, Grant Thornton revealed that when it agreed a deal for outside investment, it had set aside some equity in the business in an Employee Benefit Trust (EBT). As a result, eligible employees at manager grade and above will be allocated equity units. This will aim to reward them…
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Jun- 2025 -19 JunePeople Moves
MHA appoints new banking and finance director
MHA has appointed banking and finance director, Matt Wheeler, to its Thames Valley office. Wheeler brings more than two decades of commercial experience in the financial services sector, having worked with banking institutions including Barclays, Allied Irish Bank, Close Brothers and Propel Finance. Across his more than 20 years of…
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11 JunePeople Moves
MHA appoints partner in Birmingham office
MHA, the UK member firm of Baker Tilly International, has announced the appointment of Steve Hale as a partner in its Birmingham office. With over three decades of commercial experience, Hale joins MHA with a wealth of expertise across assurance and financial reporting services. Within his role he will support…
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May- 2025 -15 MayEconomy
UK economy grows by more than expected 0.7% in Q1
The UK economy performed better than expected in the first quarter of the year, with GDP growing by 0.7% between January and March, following a 0.1% rise the prior quarter.This was ahead of analysts’ expectations, who had forecast a growth of 0.6% for the period. According to the Office for…
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12 MayNews-In-Brief
Today’s news in brief – 12/5/2025
MHA has agreed to acquire Baker Tilly South East Europe (BTSEE) for up to €24m (£20.25m), marking a key step in its international expansion. BTSEE operates in Cyprus, Greece, and Southeast Europe, offering audit, tax, legal, and advisory services. The firm generated €19.4m in revenue in 2024, with €3.9m EBITDA…
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12 MayBusiness
MHA to acquire Baker Tilly South East Europe in £20m deal
MHA has announced the proposed acquisition of Baker Tilly South East Europe (BTSEE), for a total maximum consideration of approximately €24m (£20.25m). In line with its acquisition strategy, and as stated in the company’s recent Admission Document, MHA has been pursuing strategic cross-border M&A opportunities, including other existing members of…
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Apr- 2025 -15 AprilNews-In-Brief
Today’s news in brief – 15/4/2025
Accounting and advisory firm MHA has officially listed on AIM with a market capitalisation of £271m, following a successful £98m raise through institutional and retail investors. The IPO, unanimously approved by the board and partners, is seen as the most sustainable long-term strategy for the firm. CEO Rakesh Shaunak highlighted…
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15 AprilAccounting Firms
MHA’s £271m listing goes live on AIM
Accounting and advisory firm MHA has revealed its £271m listing on the London Stock Exchange’s junior stock market AIM officially went live this morning (15 April 2025). Having raised £98m through an institutional placing and retail offer, its market cap on Admission of £271m is the largest AIM IPO in…
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14 AprilFeatures
What do accountancy firms stand to gain from IPOs?
MHA is the latest accountancy firm to announce plans to list on AIM, targeting a £269m share placing in its Initial Public Offering (IPO), which could happen as soon as this week. While MHA isn’t the first firm to take this step – and won’t be the last – the…
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7 AprilPeople Moves
MHA promotes trio to partner roles in London office
MHA has announced three partner promotions of Julie Long, Will Johnstone and Steve Tebbutt within its London office’s audit and tax teams. Long joins the National Assurance Specialist Advisory (NASA) team as a technical partner following nearly two decades in audit with one of the Big Four and a decade…
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