Shaw Tax is gobbled up by plc

Begbies Traynor Group plc, the specialist professional services organisation, has announced the acquisition of Shaw Tax, the largest independent firm of dedicated Chartered Tax Advisors in the UK.

The acquisition of Shaw Tax marks another step in line with the Group’s strategy to extend its professional services offering. It follows the acquisition, in May 2007, of Stellar Financial Services which provides specialised fiscal structuring and investigations consultancy advice. As a result of these acquisitions, together with organic growth, the Group now derives fee income of £5m per annum from tax consultancy services.

Shaw Tax was founded in 1992 by Andrew Shaw and has developed significantly over recent years through a combination of organic growth and acquisition. Its 48-strong team specialises in the provision of corporate and personal taxation services including consultancy, compliance, wealth management and trustee services. It has an extensive referral base of general practice accountants and lawyers who use the firm to help meet their client’s needs.

The business operates from Birmingham, with offices in London, and it will be integrated with the Group’s existing tax consultancy, which is based in Manchester.

Ric Traynor, Executive Chairman, commented:

“The acquisition of Shaw Tax extends the Group’s penetration of the tax consultancy market and broadens our service offering considerably. We look forward to growing the business as part of the Group and to driving cross referral opportunities from our professional contact base.“