Accountancy firm MHA is to float on London鈥檚 junior AIM market 鈥渋n the coming weeks鈥� with the intention of raising 拢125m.
One of the UK鈥檚 fastest-growing accountancy firms, MHA has 23 offices in London, the South East, Midlands, North West, Wales and Scotland following a series of acquisitions, including a deal for Moore and Smalley last year which added 拢30m in revenue to the business.
Revenues have grown from 拢91m in 2022 to 拢154m last year, with EBITDA growing from 拢37m to 拢62m in the same period.
MHA, run as an independent member of the Baker Tilly International network, says it is targeting revenues of 拢500m and further acquisitions. These may include other members of Baker Tilly.
It says an accompanying offer to retail investors via the BookBuild platform will aim to raise up to 拢6m.
鈥楴ational Insurance rise will hammer business 鈥� but we鈥檒l survive鈥�
鈥淎nnouncing our intention to float on AIM marks an exciting milestone for MHA and our people 鈥� one that we believe will be best suited to the London market,鈥� said Rakesh Shaunak, managing partner & group chairman.
鈥淥ur teams have worked hard to build a high-performing, high-growth business in audit and assurance, tax, accountancy, and advisory services. This success has been driven by a commitment to exceptional client service, carefully selected strategic acquisitions, and continuous investment in leading talent and technology.聽
鈥淲ith demand for high-quality advisory services increasing alongside rising regulatory complexity, we believe we are well positioned to strengthen our market position while continuing to serve our clients with the same dedication and expertise they expect.
鈥淎n IPO would represent the next stage in our evolution, creating a platform for further expansion while preserving the values and approach that have underpinned our success to date. It would bring together partners and new investors with a shared ambition to scale MHA faster, drive innovation, and capitalise on market opportunities.鈥�