Latest merger deal sees Scots accountancy firms join forces

Alan Drummond, left: There is a natural synergy here

Alan Drummond, left: There is a natural synergy here

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The latest consolidation move in the Scottish accountancy sector has seen Borders-based Douglas Home & Co expand its footprint.

The Kelso-based firm, which also has offices in Haddington, Hawick and Alnwick in Northumberland, is merging with Dickson & Co in East Linton. The agreement came after Dickson & Co founder Robin Dixon decided to retire following a period of illness last year.

Alan Drummond, managing director of Douglas Home & Co, which was established in 1983, said: “This is an exciting development and a great opportunity for Douglas Home & Co to be able to expand its business portfolio in East Lothian. There is a natural synergy between the two businesses, which is evident in the work ethic and the ethos of both companies.”

Recent years have seen a number of smaller accountancy firms merge with larger practices with factors including greater regulatory burdens and succession issues cited.

Earlier this month Central Belt practice Scott-Moncrieff and Edinburgh-based Ogilvie & Company completed a merger. Under the deal Ogilvie is moving its team from Rutland Square to Scott-Moncrieff’s offices in the Edinburgh Exchange district. Founder David Ogilvie and three of his team have moved across, and will work under the Scott-Moncrieff banner.

Other high-profile mergers in recent years have included that of SBP and Andrew Philip Chartered Accountants in the North-east and Dundee-based EQ Accountants’ tie-up with Carters of Glenrothes.

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