Any members in practice following this? Speaking to an accountant in Ireland and he told me that several firms have signed up to this and they appear to be making in roads in the UK. The story doesn't seem to have traction on accountingweb which is surprising, does anyone know what exactly the business model is i.e. what it the hook and what is the exit? Sounds like they are trying to become a Big 4 firm in a short space of time. My guess is that they will list on AIM to raise finance to buy out these firms but wasn't something similar like this done in previous years?