Scottish Accountancy Launches New Office

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In a bid to expand the finance productivity, some veterans of the Scottish accountancy scene have initiated a new corporate finance office in Edinburgh aiming at small and medium-sized enterprises, including family-owned firms.

The new creation, is part of the Belfast-based advisory firm HNH Group, specialising in deals of £1 million to £50m range.

The new team based in Charlotte Square, comprises Neal Allen, Harry Linklater, Bruce Walker and Chris Fawbert.

It was explained that, before joining HNH, Mr. Allen had a senior mergers and acquisitions role with KPMG in Scotland. Mr. Linklater was a partner in French Duncan. Mr. Walker had a senior debt-advisory role with KPMG in Scotland and Mr. Fawbert was an assistant director in Ernst & Young’s corporate finance division.

HNH noted the new team in Edinburgh, which will focus initially on providing M&A, debt and transaction services, had already completed an advisory role for food-service firm R&W Scott as well as a “significant funding role in the distilling sector”.

It added that other clients had been drawn from the financial services, manufacturing, building products and transport sectors.

Mr. Allen mentioned that, “While some business owners are rightly cautious because of Brexit and global economic concerns, many of our contacts, particularly in food services, are telling us they want to execute growth plans.”

Alongside Mr. Walker said that, “The entrepreneurial nature of [HNH], investing in growth and expanding into new markets will, we believe, give us a natural affinity with the SMEs which make up a major part of the Scottish economy.”

Source: The Herald




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