Wed, 11 Sep 2024 | MBO/MBI
DSG Chartered Accountants, an independent accounting and business advisory firm, has undergone a management buyout (MBO). The MBO at the Liverpool-based company was led by tax partner Mark Kearsley and corporate partner Laura Leslie.
The transaction is described as reinforcing DSG’s alignment with its core base of owner-managed businesses. Following the MBO, existing partners Andrew Moss and Jean Ellis will retain a stake in the business and continue to play active roles, working closely alongside the new leadership team.
Over recent years, the 110-strong firm, which is an independent member of DFK International, has attained steady growth. In the year ending April 2024, the company reported fee income of £7.6 million, a 12 per cent year-on-year increase.
Following the MBO, the new leadership team will seek to unlock further growth by strengthening the company’s structure, nurturing talent and investing in technology.
Mark Kearsley said: "Remaining independent is about more than control; it’s about building a business that truly reflects the values and aspirations of our clients. We have ambitious plans for DSG and this is the first step on that journey."
Andrew Moss, corporate partner, commented: "This MBO marks a significant milestone in DSG's history, and we are proud to remain the largest independent firm in the Liverpool City Region."
Jean Ellis, corporate partner, added: "We are committed to continuing our legacy of delivering outstanding service to our clients while fostering a dynamic environment for our talented team."
Laura Leslie stated that the company’s decision to undergo an MBO and remain independent "speaks volumes about our confidence in the future".
Find out more about M&A trends in the UK accountancy sector
Read more about the factors driving the growing popularity of management buyouts as a succession option for UK businesses
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