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Archive Accountancy and Advisers Archive GT swallows local accountancy rival
Archive Accountancy and Advisers Archive GT swallows local accountancy rival | GT swallows local accountancy rival |
| Written by Business Weekly | |
| Wednesday, 02 May 2007 | |
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Major local redundancies have been ruled out following the merger of accountancy firms Robson Rhodes and Grant Thornton.
Tim Blades, office managing partner of Grant Thornton in Cambridge told Business Weekly: “As with any merger, there will be some role duplication following completion of the deal. We will be reviewing our structure in order to resolve this and expect to redeploy staff into alternative roles in order to maintain the resources required to meet our ambitious goals.” The new organisation will operate as Grant Thornton UK LLP, with the merger expected to complete on July 1. The merger establishes Grant Thornton UK LLP as the UK’s fifth largest accounting and business advisory group based on fee income (approximately £375 million) with over 300 partners and 4,400 staff, operating from 33 locations. Michael Cleary, CEO of the newly-merged business said: “This deal stretches our existing dominance as the adviser and auditor of choice on AIM and more than doubles our presence on the FTSE. “We have considerably added to our firepower to consistently challenge the Big 4 in key areas in order to meet our objective of creating a firm with revenues in excess of half a billion pounds over the next three years.” |
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