Ambitious Xeinadin acquires specialist Manchester tax practice
Private equity backed business services group Xeinadin has acquired Manchester-based About Tax to create a specialised direct tax advisory function across the UK.
A new division, Xeinadin Tax Advisory will be led by About Tax founder Adam Owens to provide clients with tax advice, complementing Centurion VAT.
Owens founded About Tax in 2018, as a tax planning and advisory firm focused on owner-managed businesses and SMEs.
The move follows the creation of Xeinadin Corporate Recovery in April and Xeinadin Corporate Finance division last September.
Xeinadin now owns business advisory and accountancy practices in over 130 locations across the UK and Ireland with 40 service lines and over 50,000 clients, mainly small and medium sized businesses and their owner-managers.
In Manchester the business has acquired insolvency specialist Poppleton and Appleby and full service accountancy practice Kay Johnson Gee which recently moved to new offices in Barbirolli Square in the city centre, where the 70 strong firm trades as KJG Xeinadin.
Formed in 2019 through a merger of over 100 small and medium-sized accountancy practices in the UK and Republic of Ireland, Xeinadin has grown quickly through acquisition and now has more than 1,700 employees. Private equity firm Exponent made a significant minority investment in Xeinadin in 2022.
Derry Crowley, chief executive of Xeinadin said: “Tax Advisory is the latest development in the Xeinadin offering. It is a highly specialised area and a high-value service and we are pleased to be able to provide our clients with this level of advice. Adam and the team are specialists and will further expand what our group can offer to clients, encouraging greater retention and attracting new clients.”
Adam Owens, Tax Director, Xeinadin Tax Advisory, said: “Xeinadin Group seemed like the perfect fit for our service offering. We have a shared focus on SME and owner-managed clients and are able to provide a specialist skill set which is of great value to the group’s client base. We are looking forward to being part of the team and making the most of the huge opportunity ahead.”
