Adrian Johnson
TLDR:
- Scottish accountancy firm EQ merges with Douglas Home & Co to triple turnover in next five years
- Merge creates a firm with 210 staff, 10 locations, and 50% increase in turnover
Scottish accountancy firm EQ has announced a merger with Douglas Home & Co as part of its strategic expansion plan to triple turnover in the next five years. The merger will increase the firm’s office count to 10 locations across Scotland and into northern England, with a collective workforce of 210. The rebranded Douglas Home & Co will now operate as EQ, boosting the company’s turnover by around 50%. This move marks a significant milestone for both firms, solidifying their position as a leading regional player in the accounting and business advisory sector.
The merger brings together two firms that share a commitment to delivering first-class client services, creating opportunities for clients, employees, and the firm as a whole. The collaboration aims to ensure that clients continue to receive exceptional service without disruptions and opens up exciting new opportunities for growth. With combined resources, the merged firm will have a footprint within the north of England, allowing for increased business potential in this vibrant market.
This merger is part of EQ’s larger growth plan, which began with the sale of a major stake to Sumer last year. The funding provided by this sale is being used to execute a growth strategy that aims to increase turnover from £11m to £30m within three to five years. The executive boards of both firms are excited about the merger and the future opportunities it will bring, with new team members taking on key roles in driving the firm’s strategy forward.
