Mazars To Merge With MRI Moores Rowland

Thu, 12 Apr 2007

The International accountancy and advisory firm Mazars is to merge with London-based accountant MRI Moores Rowland.

The deal will increase Mazars turnover to more than £90million, with the number of UK partners also rising from 95 to more than 100, pushing the accountancy firm onto the brink of the top ten biggest firms in the UK .

The merging of the two companies is expected to be completed on 16 April 2007, with the new and enlarged team being fully integrated into one new office based in London this autumn.

Internationally, Mazars operates as a single integrated company throughout 40 countries and reported global turnover of £375 million for the year ended August 31, 2006.

The company’s clients include public sector bodies, 17 per cent of the FTSEurofirst 100, a wide range of owner-managed businesses, and high-net-worth private individuals.

David Evans, senior partner of Mazars said, "Moores Rowland is one of the finest accountancy practices of its size in the UK . Its reputation as an adviser to owner-managed businesses and firms entering the capital markets is very strong. The integration of the business into Mazars is a significant step forward in our growth strategy ."

"Its notable presence in the media sector will add to Mazars' existing expertise in publishing, and complement our strength in other industries such as insurance, banking and retail," Mr Evans added.

Fiona Hotston Moore, the managing partner of Moores Rowland, will stay as part of the deal and join the Mazars UK board .

The deal reinforces Mazars' core audit offering and makes the firm one of the leading auditors in the UK public company audit market.
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