Wales
We report on the latest activities of Welsh accounting firms, finance teams, and advisory practices, highlighting leadership changes, business growth, and regional market trends. Our editorial explores regulatory updates, economic factors, and government initiatives affecting CFOs, finance directors, and accountants working in or advising clients throughout Wales.
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Jul- 2025 -8 JulyBusiness
Mid-tier sees surge of interest in private equity and ESG, ICAEW finds
A quarter of mid-tier accountancy firms are considering private equity investment, and close to half are planning new ESG service lines, according to a new survey from the Institute for Chartered Accountants in England and Wales (ICAEW). The research found that twice as many firms had an interest in pursuing…
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3 JulyPractice
Xeinadin launches new Cardiff hub
Xeinadin has established a new office in Cardiff, bringing together three long-established local firms to form a single and integrated hub. Serving as Xeinadin’s flagship office in South Wales, the new base will “make it easier for SMEs to access relevant advice from people who understand the region”, according to…
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2 JulyBusiness
Menzies merges with Haines Watts Wales
Accountancy firm Menzies LLP has merged with Haines Watts Wales, expanding its presence in South Wales and bolstering its Cardiff office. The deal will see a 20-strong team from Haines Watts Wales, including two new partners, join Menzies, bringing the combined Cardiff team to more than 40 people. The office…
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Jun- 2025 -25 JunePractice
ICAEW urges reporting accountants to adapt for investor confidence boost
The Institute of Chartered Accountants in England and Wales (ICAEW) has published a new paper aimed at evolving the role of reporting accountants in initial public offerings (IPOs) and other capital market transactions. It considers how the reporting accountant’s independent assurance work, which is a “critical” driver of investor confidence…
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23 JuneAccounting Firms
Ashmole and Co appoints six new trainees
Wales accountancy firm Ashmole and Co has appointed six new trainees as part of its apprenticeship scheme, including a youth international cricketer from Carmarthenshire. The group, which has offices across south and mid Wales, said the new recruits had joined through its initiative to support young talent and local employment.…
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20 JuneCompanies
Company insolvencies in England and Wales rise 8% in May
The number of registered company insolvencies in England and Wales rose to 2,238 in May 2025, according to the latest figures from the Insolvency Service. This represents an 8% increase from April 2025, when there were 2,074 insolvencies, and a 15% rise compared with May 2024, which saw 1,946 cases.…
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19 JunePeople Moves
CIMA elects John Graham as 92nd president
The Chartered Institute of Management Accountants (CIMA) has elected John Graham as its new president, making him the institute’s 92nd leader. Graham will also serve as the 10th co-chair of the Association of International Certified Professional Accountants (AICPA), the global alliance between CIMA and the American Institute of Certified Public…
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13 JunePeople Moves
Greaves West and Ayre makes two partner promotions
Berwick-based firm, Greaves West and Ayre, has announced the promotions of Joseph Findlay and Matthew Taylor to partner roles, marking a joint milestone for the pair who joined in 2019. Findlay holds an integrated master’s degree in civil engineering from Heriot-Watt University and qualified as a chartered accountant with the…
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11 JunePeople Moves
Duncan & Toplis appoints new business services director
Duncan and Toplis has appointed Daniel Sharpe as its new business services director, following nearly 20 years with the firm. Sharpe joined the group directly from school in 2008. He has since completed his Association of Accounting Technicians (AAT) exams, qualified with the Institute of Chartered Accountants in England and…
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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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