Business seems to be improving for the accountancy industry, with firms either seeing the return or uptick of organic fee growth. It seems that the treading of water during the difficult times has paid off with accountants now able to focus more on business development and selective acquisitions. While the market saw a slowdown in the sellers at the end of last year, this year accountants seem to have got their house in order and have felt less concerned about the tax return season of December and January. Deals are not necessarily straightforward, indicated by the increase in the number of enquiries from firms who are struggling to complete a management buy-out. In the last six months, seven enquiries were made from firms facing this difficulty, and seeking advice on the issue. The lack of funds or availability of funding to managers, usually due to their own heavy personal financial commitments, is the obstacle standing in their way.
展开▼
