Begbies Traynor Group PLC
30 January 2008
30 January 2008
Begbies Traynor Group plc
Acquisition of Shaw Tax
Begbies Traynor Group plc (''the Group') (AIM: BEG), the specialist professional
services organisation, today announces the acquisition of Shaw Tax, the largest
independent firm of dedicated Chartered Tax Advisors in the UK.
The acquisition of Shaw Tax marks another step in line with the Group's strategy
to extend its professional services offering. It follows the acquisition, in
May 2007, of Stellar Financial Services which provides specialised fiscal
structuring and investigations consultancy advice. As a result of these
acquisitions, together with organic growth, the Group now derives fee income of
£5m per annum from tax consultancy services.
Shaw Tax was founded in 1992 by Andrew Shaw and has developed significantly over
recent years through a combination of organic growth and acquisition. Its
48-strong team specialises in the provision of corporate and personal taxation
services including consultancy, compliance, wealth management and trustee
services. It has an extensive referral base of general practice accountants and
lawyers who use the firm to help meet their client's needs.
The business operates from Birmingham, with offices in London, and it will be
integrated with the Group's existing tax consultancy, which is based in
Manchester.
Ric Traynor, Executive Chairman, commented:
'The acquisition of Shaw Tax extends the Group's penetration of the tax
consultancy market and broadens our service offering considerably. We look
forward to growing the business as part of the Group and to driving cross
referral opportunities from our professional contact base.'
- Ends -
For further information, please contact: www.begbies-traynorgroup.com
Begbies Traynor Group plc 0161 837 1700
Ric Traynor, Executive Chairman
John Gittins, Chief Financial Officer
Shore Capital & Corporate Limited 020 7408 4090
Guy Peters
Smithfield 020 7360 4900
Reg Hoare/Katie Hunt
About Begbies Traynor Group:
Begbies Traynor Group plc is a specialist professional services organisation
providing independent professional advice and solutions to businesses, financial
institutions, the accountancy professions and individuals in the areas of
corporate finance, recovery, investigation, risk management, commercial finance
and specialist tax advice. It is listed on AIM (Ticker: BEG.L).
This information is provided by RNS
The company news service from the London Stock Exchange
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