Accountancy firm Moore and Smalley sees its 30 partners share profits of £9.25m in its final financial year before a merger with national group MHA. Tony McDonough reports

Accountancy firm Moore and Smalley, which has a major base in Liverpool, has published its final annual accounts before its full merger with national group MHA.

In the 12 months to March 31, 2024, Moore and Smalley saw revenues rise by 12% to £30.4m in what it called a “challenging year”. It said the increase in income was driven by the strong performance of its Liverpool and Manchester offices.

Pre-tax profits at the firm, which has its Liverpool base in Exchange Station, rose from £8.7m last year to £9.25m. These profits have been distributed among its 30 partners with  the highest paid partner receiving £671,000.

Shortly after the end of the financial year the firm, which has its headquarters in Preston and employs more than 400 people, completed its previously announced merger with MHA, a £180m-turnover firm with 20 UK offices and a member of Baker Tilly International.

Moore and Smalley had been working as part of MHA’s network since 2010 and has been known as MHA Moore and Smalley since 2017. However, until April the firm had continued to trade as an independent entity.

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It also has offices in Blackpool, Kendal, Lancaster and Nottingham. Speaking just after the merger, Moore and Smalley managing partner Graham Gordon said: “This merger represents the natural next step for us, having worked closely together since 2010.

“We are excited about the opportunities that our joint approach presents for our people, our clients, and stakeholders alike, and anticipate continued success going forward.”

In October the firm strengthened its North West corporate finance team with the appointment of a new transaction services director based out of its Liverpool office.

Rowan Porter will spearhead MHA’s transaction services offering in the Liverpool city region as well as supporting the wider North West and national corporate finance team.

Last week MHA outlined its strategy to reach net zero carbon by 2030. It has been working with an independent carbon accounting firm to voluntarily provide a data-backed analysis of its carbon emissions and carbon reduction efforts as part of this commitment.