Ross Boyd restructures practice by adding shareholder

The entrepreneurial founder of Ross Boyd ltd, which has expanded from Ireland across the UK, has announced a restructuring of the accountancy practice, bringing in its first outside shareholder, following the appointment of a new director who has taken a stake in its Belfast operation

The firm – which has offices in Belfast, Dublin, Glasgow and London – has welcomed Brian Stewart to the board of directors of Ross Boyd Belfast Ltd, one of four newly-created subsidiaries operating under the parent company.

Stewart becomes the first shareholder in the business other than its founder and will be the resident director in Belfast. He joined the firm in 2012, two years after Ross Boyd was first established, and was its fourth employee. Prior to that he was working in a senior corporate adviser role at KPMG.

Founder Ross Boyd said: ‘This is the Belfast team maturing, which will allow me to focus on expansion beyond Northern Ireland in Glasgow and Dublin.

‘We have a great team of 12 in Belfast that will soon grow to 15, and with Brian at the helm on a day-to-day basis locally in Northern Ireland, I know they will continue providing our SME clients with the best technology-driven service that retains personal attention at its core.’

In October last year Boyd announced the expansion of his firm’s technology-based small and medium-sized enterprises (SME) services into Scotland with a new operation based in Glasgow, and now has a roster of more than 20 clients from the west coast of Scotland, ranging as far north as Oban. The move into Scotland is expected to boost group turnover by 50% within the next 12 to 18 months.

Boyd said he intends to take the winning business template created in Belfast and replicate it in Glasgow and Dublin on an accelerated scale. Plans include the addition of a business development director based full-time out of each city before the end of the year.

Ross Boyd Ltd now includes the following subsidiaries: Ross Boyd Belfast Ltd, Ross Boyd Glasgow Ltd, Ross Boyd Dublin Ltd and Ross Boyd London Ltd.

Report by Pat Sweet

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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