Merger will create firm with combined fee income of £10m a year
Mid-tier accountancy firm French Duncan has merged with Stirling-based independent firm Macfarlane Gray.
The merger will create a firm with combined fee income of £10 million, nearly 200 employees and a network of eight offices across the central belt.
Founded in 1934, Macfarlane Gray is the current British Accountancy Awards’ Best Independent Firm in Scotland and generates annual turnover of around £2 million.
French Duncan said there will be no redundancies or office closures resulting from the deal.
Robert Kerr, chairman of French Duncan, said: “In looking to expand our business in the central belt we recognised Macfarlane Gray as a high-quality business with a similar ethos to ourselves; an ethos focused on delivering the best service to our clients and having some fun doing that.
“Not only will this merger expand the French Duncan business, but it will provide real benefits for Macfarlane Gray clients and staff with MG becoming part of one of Scotland’s largest and fastest growing accountancy practices.”
Macfarlane Gray’s four principals are senior partner Alan Skilling, Greg Callan, Ellen Waters and Hazel Burt.
Commenting on the merger, Alan Skilling described the deal as “a coming together of services for the common good of clients and staff."
He added; “We believe that this merger will provide business owners in central Scotland with a unique blend of business advisors who, irrespective of size or sector, have the experience to assist in the growth and development of their businesses.”