An accountancy and advisory business operating across the UK and Ireland has acquired a Scottish firm.
The Birmingham headquartered company which has offices north of the Border said it is a move “that reinforces a growing intention to build the leading SME advisory business in Scotland”.
Consilium Chartered Accountants, based in Glasgow, has now joined Dains Group, which “significantly strengthens the client proposition in corporate tax, audit, and corporate finance”, the firm said.
Dains Group said it is its first acquisition since securing private equity backing from IK Partners, and eleventh since 2021.
The team in Scotland is now almost 200 people strong with offices across the central belt.
Consilium has a strong reputation as being a “highly customer centric, personable, and progressive business, that has built a highly talented team since its establishment in 2013.
“We were attracted to Consilium because of their advisory mindset and strong cultural values” said Graeme Bryson, Scotland managing partner at Dains Group. “It is our ambition to collaborate with our clients, to provide timely and well thought through advice based on a detailed understanding of what they are trying to achieve, and this has been the cornerstone for Consilium’s rapid growth, making them obvious strategic partners.”
David Holt, partner at Consilium, said: "Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team. Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”
Richard McNeilly, chief executive of Dains Group, said: "It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial.
“We are building a very compelling proposition in Scotland, having previously partnered with William Duncan & Co, and Condies. Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”
Pete Wilson, partner at IK, said: “It is fantastic to welcome Consilium to Dains, which represents the eleventh acquisition by the group since 2021. Dains has a clear ambition to differentiate itself, through offering a high quality, value-adding, comprehensive suite of services for its customers, whilst engaging with the best delivery team in the SME market – I know the team cannot wait to get started.”
BUSINESS HQ MONTHLY
How Diageo's Learning for Life programme is helping change lives
Diageo’s Learning for Life hospitality programme reached new heights in January when five Scottish graduates travelled from Glasgow to London to deliver a Burns Night experience to the UK Government’s Scotland Office.
Ian Murray and Kirsty McNeil were among the 160 guests who celebrated Scotland’s national poet, Robert Burns, and comes after a decade of the Learning for Life programme.
It was launched in 2014 to help tackle youth unemployment and Gillian Dalziel, the programme manager for the project, has outlined the successes of it.
It equips individuals facing barriers to employment with skills and resources needed for a career in hospitality and Diageo has invested £1 million annually in the programme over the last decade, supporting more than 2,000 people in Scotland.
Warning on Glasgow danger and giant hydropower project
Welcome to our first Business HQ Monthly of the new quarter century, from Ian McConnell, business editor.
It has been a busy start to the year with much focus, from a business and economic perspective and far more widely, on the return of Donald Trump as US President.
In this month’s edition, I speak to the former chief executive of the Scottish Event Campus in Glasgow.
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Peter Duthie, who stepped down as chief executive of a campus which includes the SEC Centre exhibition and meeting spaces, 3,000-seat Armadillo, and 14,300-capacity OVO Hydro concert venue last June, warns of the danger that the city falls behind in the global conferences arena if the Scottish and UK governments do not fund a major expansion project.
In this month’s big read, Brian Donnelly focuses on a family-owned firm bringing forward 'the UK’s largest and most efficient' hydropower project on its own estate above one of Scotland’s most famous lochs. Scott Wright speaks to Alisdair Clements and Lesley Palmer, the duo behind award-winning INCH Architecture and Design, and Kristy Dorsey looks at the challenges facing the Everyman cinema business.
The Herald is partnering with The Scottish National Investment Bank to deliver its annual conference on March 3 in Glasgow - Investing with Impact: A Catalyst for Change. For more details, and to register your attendance, click here.
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