Grant Thornton partner cash call to fuel growth

摘要

Partners at Grant Thornton, the largest mid-tier firm, have stumped up several millions of pounds in a cash call as part of the firm's growth strategy. The move comes after the firm had already been granted a credit line of ￡5m by Royal Bank of Scotland. Although the firm declined to put a figure on the amount raised from its partners, it is understood to be no more than￡10m. The call happened at around Easter this year, having been talked about last year,' a spokesman for the firm said. The cash would be used to finance the expansion of the firm, he added.