Accounting firms Shaw Gibbs and Alliotts merge to bolster UK presence
LONDON, UNITED KINGDOM — The Shaw Gibbs Group has announced a significant merger with Alliotts LLP, a prestigious accountancy firm with roots dating back to 1869.
This strategic move will bolster Shaw Gibbs’ presence in London and Surrey while expanding its service offerings and technological capabilities.
Creating a powerhouse in UK accounting
The merger brings together two firms with complementary strengths, positioning the combined entity to become a top 30 accounting firm in the UK within the next 12-18 months.
Shaw Gibbs, already a top 50 UK accountancy practice, will benefit from Alliotts’ strong presence in London and Guildford.
Alliotts brings 14 partners and 100 staff to the table, along with specialized teams in business strategy, corporate finance, media, and a China Desk, which caters to the specific needs of Chinese businesses in the UK.
The merger will also enable greater investment in technology and access to a broader pool of specialist talent.
“By joining forces with Alliotts, we are bringing together two firms with a shared vision of delivering exceptional service and treating our people, our stakeholders and each other with respect,” said Peter O’Connell, CEO of Shaw Gibbs.
“They bring an impressive experienced senior team to the Shaw Gibbs Group, and I look forward to working with them.”
Seamless transition for clients
Alliotts provides accountancy services to national and international clients, including audit and accounts, tax, payroll, and corporate finance, plus specialist advice on business strategy, fraud prevention, HR, and financial services.
Steven Meredith, Chairman of Alliotts, reassured clients that the merger would not disrupt existing relationships. “It is very much business as usual, they will not see any difference in who we are or how we work, but we now have more resource behind us to ensure we can continue to deliver outstanding service for years to come,” he stated.
Expanded geographic reach
The merged firm will have offices in key locations across the UK, including:
- Oxford
- Basingstoke
- Bristol
- Farnham
- Guildford
- Liss
- London
- Sutton
- Teddington
- Thame
- Northampton
- Winchester
This expanded presence will allow the firm to serve a diverse client base more effectively.
Financial outlook
While specific financial terms were not disclosed, the combined revenue of the two firms is expected to exceed £40 million ($54 million).
Alliotts’ most recent annual results were reported at £12.9 million ($17.2 million), indicating a substantial contribution to the merged entity’s financial strength.
The merger between Shaw Gibbs and Alliotts represents a significant development in the UK accounting landscape. By combining their strengths, expertise, and resources, the new firm is well-positioned to provide enhanced services to clients while competing at the highest levels of the industry.
