Xeinadin has acquired KBSP, a long-established accountancy observe primarily based in Swiss Cottage, North London.
The deal is the newest in a collection of acquisitions by Xeinadin, one of many UK’s high 20 skilled companies corporations, because it seeks to broaden its presence throughout the capital.
Based within the Nineteen Sixties, KBSP offers audit, tax, accounts and consultancy companies to a mixture of native SMEs and nationwide shoppers.
The agency will retain its workers and premises following the deal and proceed working beneath its current management.
In accordance with each corporations, the acquisition is designed to protect KBSP’s current shopper relationships whereas increasing the help accessible to them by means of entry to Xeinadin’s nationwide community of specialists.
These embody companies in R&D tax credit, audit assurance, IT programs, and advisory work.
Derry Crowley, CEO at Xeinadin, mentioned:
“KBSP’s longstanding repute, sturdy shopper relationships and native perception make them a great match for Xeinadin. Their deal with SMEs, dedication to shopper training, and adaptable service mannequin mirror precisely the sort of agency we need to help and develop with.”
David Myerson, Associate at KBSP, mentioned the choice to hitch Xeinadin was pushed by the necessity to broaden technical experience whereas sustaining continuity for shoppers.
“Our shoppers aren’t on the lookout for a revolving door of advisors. They need to converse to somebody who is aware of their identify, their enterprise, and their challenges. That’s what we’ve all the time supplied, and it’s what we’ll hold providing – now with the additional instruments and experience that Xeinadin brings.”
Associate Anthony Cowan added:
“Becoming a member of Xeinadin permits us to maintain that [personal approach] entrance and centre whereas unlocking entry to specialist tax, R&D and VAT help that might in any other case be out of attain for a agency of our dimension.”
Xeinadin has made a collection of acquisitions over the previous two years and now contains over 100 corporations throughout the UK and Eire.
The group has signalled additional progress plans as mid-tier corporations proceed to consolidate amid rising compliance calls for and digital transformation pressures.
