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French Duncan bags Macfarlane Gray in £10m merger

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12th Nov 2012
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Scottish accountancy firms French Duncan and Macfarlane Gray have merged, creating one of the largest mid-tier practices in Scotland. 

The firms now have a combined fee income of £10m and a network of eight offices across Scotland's Central Belt, employing 200 people.

Macfarlane Gray will keep its name under the merger, which French Duncan chairman Robert Kerr heralded as beneficial for both parties. 

“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," he said. 

“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," he added.

French Duncan has enjoyed growth over the past 18 months, with a number of new partner appointments and saying it continues to "consider strategic options for growth, including acquisitions and mergers". 

Last week, firms BDO and PKF announced they were in advanced talks to merge in 2013 one of the biggest moves in the UK sector.

Scottish firms Johnston Carmichael and Ritson Smith also merged a few months ago, one of the largest Scottish mergers in recent years. The move means they now rank among the top 20 firms in the UK in terms of revenue.

Macfarlane Grey is the current British Accountancy Awards' Best Independent Firm in Scotland. It has grown strongly in recent years and has a turnover of £2m. 

The firm's four principals are senior partner Alan Skilling, Greg Callan, Ellen Waters and Hazel Burt. 

“A merger of like minds, this deal represents a coming together of services for the common good of clients and staff,” said Skilling.

“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.” he added. 

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