Management team at accountancy firm DSG complete buyout
DSG Chartered Accountants, the largest independent advisory firm in Liverpool, has completed a management buyout (MBO) opting for independent ownership rather than be swallowed by through acquisition by a private equity-backed consolidator.
The MBO, led by tax partner Mark Kearsley and corporate partner Laura Leslie, reinforces the firm’s alignment with its core client base of owner-managed businesses, who value working with a firm that shares their independent ethos. Existing partners Andrew Moss and Jean Ellis, who retain a stake in the business, will continue to play active roles and will work closely with the new leadership team going forward.
DSG has enjoyed steady growth over the last few years, with headcount now standing at 110 and the firm reporting a fee income of £7.6m for the year ending April 2024, reflecting a 12% year-on-year increase. This growth is driven by a rising demand for DSG’s services, which include tax advisory, audit and accounts, corporate finance, and payroll services.
Looking ahead, the new leadership team is focused on unlocking further growth by strengthening the management structure, investing in cutting-edge technology, and nurturing the next generation of talent. “Remaining independent is about more than control; it’s about building a business that truly reflects the values and aspirations of our clients. We have ambitious plans for DSG and this is the first step on that journey,” said Mark Kearsley.
As DSG embarks on this new chapter, the firm remains dedicated to serving as a trusted advisor to its clients, delivering tailored solutions that support their success and growth.
Andrew Moss, corporate partner at DSG, commented: “This MBO marks a significant milestone in DSG’s history, and we are proud to remain the largest independent firm in the Liverpool City Region.”
Jean Ellis, also a corporate partner, said: “We are committed to continuing our legacy of delivering outstanding service to our clients while fostering a dynamic environment for our talented team.”
Laura Leslie added: “In an industry where many firms are merging or seeking external investment, DSG’s decision to remain independent speaks volumes about our confidence in the future. This approach allows us to stay true to our clients and continue our growth on our own terms.”
HSBC UK, Liverpool Team supported on the funding, Matt Murphy of Watts Commercial Finance provided debt advisory, Glenville Walker provided legal advice to the buyside and Lupton Fawcett advised the sell side.
Chris Heron, Relationship Manager at HSBC UK, added: “It’s fantastic to support DSG with this MBO. This decision cements the future of a thriving business that is highly valued by its customers and we look forward to what the future brings as part of this exciting new chapter.”
