Thu, 19 Sep 2024 | BUSINESS SALE
Professional services group Xeinadin has completed its 26th acquisition in the space of two years with a deal for Welsh accountancy firm Clay Shaw Butler. The target company has been operating for more than 40 years, building a strong reputation for serving local businesses in the Carmarthen community.
The company provides a comprehensive range of financial and business support services, including accounting, auditing and tax, as well as ongoing strategic advice. The firm has a tight-knit team and places an emphasis on maintaining strong client relationships with business owners.
Joining the Xeinadin group will provide Clay Shaw Butler with access to its own team of corporate finance and VAT specialists, a valuable asset at a time when owner managed businesses are required to understand how they must adapt to changing tax regulations and guidelines.
Following the acquisition, the Clay Shaw Butler team, comprised of 30 qualified accountants, tax specialists and other professionals, will join Xeinadin while continuing to work under the leadership of Director Mark Jones.
Derry Crowley, CEO at Xeinadin, commented: “Acting as a partner and confidante to local businesses and helping owners to focus on what they do best - running their business, Clay Shaw Butler has acted as a pillar of the Carmarthen community for over 40 years.”
“Their strong ethos of community support fits in perfectly with ours at Xeinadin. I’m looking forward to seeing Mark’s and the team’s contribution towards building a better future for business owners whilst simultaneously benefiting from the additional resources that being part of Xeinadin brings.”
Clay Shaw Butler Director Mark Jones added: “We have been presented with a unique opportunity with Xeinadin that will enable Clay Shaw Butler to develop the growth of our clients. Joining Xeinadin will enable us to maintain the personal level of service which we pride ourselves on, while being able to access a wide-range of new services which will benefit our clients.”
“We will now have access to our own corporate finance team, VAT specialists, restructuring and insolvency services and tax specialists, which comes at a useful time when owner managed businesses need to understand what they need to do to adapt to the new Making Tax Digital guidelines.”
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