An accountancy firm in Dorchester has been acquired for an undisclosed sum by UK professional services firm Xeinadin.
Poundbury’s CB Reid provides accountancy, financial and taxation services to individuals, businesses, corporations, public bodies, charities and professional practices. The company has a particular focus on start-up businesses.
The deal comes less than one month after Xeinadin acquired Watford-based Landmark Accountants.
The expansion adds 20 staff, who will continue to work for the business following the transaction, to Xeinadin’s operations in Dorchester.
Pete Cattermole, managing director at CB Reid, said: “We are delighted to be joining Xeinadin. As the firm has grown in size and complexity, we have come to realise that to continue to deliver an excellent service to clients, we need support from a larger firm behind us. We strongly believe that Xeinadin is the perfect fit for our clients and team.”
Derry Crowley, chief executive at Xeinadin, added: “Dorset is a growing entrepreneurial hub and bringing in CB Reid significantly boosts our presence and expertise in the region. Welcoming Pete and his team to Xeinadin is a natural fit. We are eagerly anticipating the journey ahead.”
Last year, Xeinadin was named as the 19th largest accountancy firm in the UK by Accountancy Age. It has more than 135 offices and employs over 2,500 staff. The business has nine regional hubs across the UK and Ireland.
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