Dow Schofield Watts expands into Scotland
25 Oct 2019
Accounting firm Dow Schofield Watts has expanded into Scotland through a partnership with Aberdeen-based Hall Morrice Corporate Finance Ltd
25 Oct 2019
The move will give Dow Schofield Watts its first Scottish presence adding to its four wholly owned offices in the North West, Leeds and London, and will also add expertise in the oil and gas sector.
The Aberdeen team will operate under the Dow Schofield Watts brand, while retaining their close relationship with the Hall Morrice accountancy firm.
Hall Morrice Corporate Finance was founded in 2017 by Tom Faichnie and Melanie Clark. Previously Faichnie played a key role in building Deloitte’s deal advisory team in Manchester and developed Barclays’ global investment strategy for the oil and gas sector. More recently he was a partner at RSM. Clark, who was previously at KPMG and RSM, was recently named as one of the ICAS Top 100 Chartered Accountants.
Dow Schofield Watts was set up in 2002 and offers a full-service M&A, deals, accounting and advisory service, but does not provide auditing for companies.
The firm has total fee income of £10m and 76 staff, as well as its own international corporate finance network covering 14 countries, a dedicated tech team and an angel network to develop start-ups. The Aberdeen office has four people at present.
James Dow, founding partner of Dow Schofield Watts, said: ‘Hall Morrice Corporate Finance is highly respected within the Scottish deals market and fits well with our own ethos of top-tier professionals providing a partner-led service.
‘The partnership will extend the Dow Schofield Watts operation across the border into Scotland, with its strong tech and financial services sectors, and allow our advisers across the UK to draw upon the team’s expertise in the oil industry.’
Faichnie said: ‘This partnership with Dow Schofield Watts will allow us to take our business to the next level. It will boost our global reach in line with the increasingly international nature of the oil services industry, and enable us to leverage the expertise within the group to support other fast-growing entrepreneurial businesses in the region.’