Top 20 UK & Ireland professional services group, Xeinadin, acquires Scott & Wilkinson
Xeinadin Group Limited (“Xeinadin” or “the Company”), one of the leading professional services groups in the UK and Ireland, has acquired Scott & Wilkinson, a well-known and respected accountancy firm based in Lancaster with origins dating back over a century.
Xeinadin is a group of business advisory and accountancy practices in over 100 locations across the UK and Ireland that provides over 40 service lines to over 50,000 clients, predominantly small and medium sized businesses and their owner-managers. It was formed through a merger of the offices in 2019 and is now structured into 14 regional hubs.
Scott & Wilkinson is one of the longest-established accountancy practices in the Lancaster and Morecambe area, with origins dating back to 1918. The firm, which has operated under its current name since 1968, will continue to be led by the existing management team and be based out of its office on Dalton Square, Lancaster. Its clients span many sectors including charity, retail, professional, farming, healthcare, leisure and tourism, manufacturing, technology, and construction.
The acquisition brings additional strength to Xeinadin’s owner managed business specialism and existing service lines.
Following a significant minority investment from private equity firm Exponent earlier this year, this acquisition marks another step in the continued growth of the group.
Xeinadin has more than1,500 employees across the UK and Ireland, and is one of the professional services market’s leading disruptors and consolidators, with annual revenues of over £100 million in its latest financial year.
Derry Crowley, CEO, Xeinadin Group, said: “We are delighted to welcome Scott & Wilkinson to the Xeinadin Group. The firm is directly aligned with our vision and will provide even greater strength to our North West Region. We look forward to working alongside the Scott & Wilkinson team.”
James Cornthwaite, director, Scott & Wilkinson, commented: “Xeinadin is an ambitious and innovative group in the UK and Ireland professional services landscape and one which we are excited to be joining. Being part of the group will give our clients access to even greater resources and expertise, whilst enabling us to continue providing the local and personalised service which our clients both value and have become accustomed to.”