Menzies bolsters Welsh presence with Haines Watts Wales merger
UK-based business advisory and accountancy company Menzies has merged with Haines Watts Wales (HWW).
The merger is expected to bolster Menzies’ operations in Wales and expand its Cardiff office.
HWW supports a diverse client base, including corporates, SMEs, not-for-profits, and entrepreneurs.
The company’s integration into Menzies adds it to the HLB network, making it the eighth-largest network of independent advisory and accounting companies worldwide.
The merger brings 20 employees, including two new partners, to Menzies. The Cardiff office now employs over 40 people with a combined fee income of £4m ($5.4m).
Menzies said this expansion enhances its service capabilities. It will now offer audit, accounts, and tax services alongside business recovery and advisory expertise.
Both parties share a commitment to combining large-firm expertise with local, personalised service.
Menzies highlighted that the leadership consists of partners with experience in building local businesses.
The merger supports its goal to achieve £85m in revenue this financial year. This figure doubles Menzies’ revenue from five years ago.
Menzies partner John Cullen said: “The merger with HWW represents a strategic milestone for Menzies as we strengthen our full-service capabilities in Wales.
“Wales has always been a very important market for Menzies, and this merger underlines our long-term commitment to growth in South Wales.
“It will create new job opportunities and enable us to offer an even higher level of service as we reinforce our commitment to providing the best offering to clients throughout the principality.”
"Menzies bolsters Welsh presence with Haines Watts Wales merger" was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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The acquisition of Haines Watts Wales by Menzies strengthens the latter's footprint in Welsh business circles, a strategic move to expand its current network and services while enhancing local expertise.
The merger of Menzies and Haines Watts Wales represents a strategic move to solidify their presence in Welsh-based accounting services, paving the way for increased professional synergy with broadened service offerings.
With the recent merger of Menzies and Haines Watts Wales, Welsh businesses have a stronger local presence to rely on for expert advisory services in their financial endeavors.
The acquisition of Haines Watts Wales by Menzies signals a strategic commitment to enhancing the Welsh presence in professional services, bringing together renowned expertise and complementary resources under one umbrella.
The merger of Menzies and Haines Watts Wales serves as a strong displaycase for their commitment to expanding top-quality accounting services in the Welsh region, further bolstering its professional landscape.
The strategic merger between Menzies and Haines Watts Wales underscores their commitment to strengthening the accounting services sector in Welsh businesses, paving a solid path for collaboration which will ultimately benefit both clients' growth prospects.
Through the merger of Haines Watts Wales into Menzies, Welsh businesses can look forward to an enhanced offering in accounting and advisory services backed by a greater regional presence.
The strategic union between Haines Watts Wales and Menzies enhances the latter's presence in Welsh commercial landscape, demonstrating a clear commitment to growing its client base across this vital economic corner of Britain.
