A management buyout (MBO) at DSG Chartered Accountants, led by tax partner Mark Kearsley and corporate partner Laura Leslie, underscores their commitment to maintaining the firm’s independence.
As the largest independent advisory firm in Liverpool, DSG’s existing partners, Andrew Moss and Jean Ellis, will continue to be actively involved, ensuring stability and growth under the new leadership.
Commitment to Independence
The recent MBO at DSG Chartered Accountants highlights the firm’s dedication to remaining independent amidst a landscape where many firms seek acquisitions or private equity deals.
In a statement, DSG emphasised the importance of autonomy, stating: “This pivotal move ensures that DSG remains autonomous at a time when many firms are opting for acquisitions or private equity consolidations.”
Continued Growth and Success
DSG has reported steady growth, with a fee income of £7.6 million for the year ending April 2024, marking a 12% increase year-on-year. This growth reflects the firm’s resilience and strong market position.
Currently, DSG employs a team of 110 professionals, providing a comprehensive range of services including tax advisory, audit and accounts, corporate finance, and payroll services.
Plans for Future Development
Mark Kearsley, tax partner, emphasised the strategic advantages of the MBO, highlighting how it will enable investment in technology and talent development.
“Remaining independent is about more than control; it’s about building a business that truly reflects the values and aspirations of our clients. We have ambitious plans for DSG, and this is the first step on that journey,” Kearsley remarked.
The MBO is seen as a critical move to secure DSG’s future, ensuring it can continue to provide exceptional service to its clients while fostering a dynamic work environment.
Leadership and Vision
Andrew Moss, corporate partner at DSG, described the MBO as a significant milestone, expressing pride in the firm’s status as the largest independent firm in the Liverpool City Region.
Jean Ellis, another corporate partner, reiterated the firm’s commitment to maintaining high standards of client service and supporting their talented team.
Stakeholder Support
The MBO received substantial backing, with funding support from HSBC’s Liverpool team and debt advisory services from Matt Murphy of Watts Commercial Finance.
Legal advice was provided by Glenville Walker for the buyers and Lupton Fawcett for the sellers, facilitating a smooth transition during the MBO process.
Client-Centric Approach
Laura Leslie, corporate partner, highlighted the significance of independence in remaining aligned with client needs and continuing growth on their own terms. “DSG’s decision to remain independent speaks volumes about our confidence in the future,” she stated.
This client-centric approach ensures that DSG can adapt to evolving market conditions while staying true to its core values and client expectations.
Positive Outlook
Chris Heron, relationship manager at HSBC UK, expressed enthusiasm about supporting DSG in this new chapter, acknowledging the firm’s highly valued status among its customers.
“It’s fantastic to support DSG with this MBO. This decision cements the future of a thriving business that is highly valued by its customers, and we look forward to what the future brings,” Heron commented.
The MBO at DSG Chartered Accountants marks a new chapter of autonomy and growth for the firm. With strong leadership and a commitment to innovation, DSG is well-positioned to continue its success.
This strategic move ensures that DSG can uphold its independence, delivering outstanding service and fostering a dynamic work environment for its team.
