Accountancy firm sees revenues rise by almost 30%

Accountancy and advisory firm MHA, the UK and Ireland member of Baker Tilly International which has offices across the Midlands, has reported strong revenues growth for the year ending March 31.

MHA has seen an increase of 27% on thee £142m reported in 2023 with nearly all of MHA’s offices experiencing significant double-digit growth in the year. Revenue has doubled in the last four years from £90m in 2020.

All of MHA’s service lines showed growth with audit and tax being the most significant. Audit & Assurance was up 49% from last year and Tax up by 20%.

With the addition of two new Irish offices this month headcount is now 1,820 people across 24 offices with 136 partners.

This latest merger caps a busy 12 months for MHA, having opened offices in late 2023 in Scotland and Wales for the first time, as well as the recent merger with MHA Moore & Smalley.

On July 1 MHA announced a merger with Roberts Nathan to form a new firm which will go to market as Baker Tilly in the Republic of Ireland with the intention of creating 100 new jobs over the next two years to bolster the 70 existing staff and partners. The new roles will range from graduates to experienced professionals in Dublin and Cork, spanning audit, advisory, and tax services.

Rakesh Shaunak, group chairman and managing partner, said: “MHA has experienced a remarkable 12 months, with growth coming both organically, as well via mergers in significant new regions. We will continue to move with purpose, pace and an ambitious growth mindset, but it is important I take this opportunity to thank all our clients and hard-working staff without whom growth would not be possible. There is much more to come and I look forward to further announcements in the near future as we expect double digit organic growth for 2025 and beyond.”