MBO at DSG Chartered Accountants as partners vow to preserve independence

The partners who led a management buyout at DSG Chartered Accountants say they are committed to keeping the firm’s independence despite wider consolidation in the accountancy world.

Tax partner Mark Kearsley and corporate partner Laura Leslie have led the buyout at DSG, which describes itself as the largest independent advisory firm in Liverpool. Existing partners Andrew Moss and Jean Ellis will retain a stake in the business and will work closely with the new leadership team.

Announcing the MBO, DSG said: “This pivotal move ensures that DSG remains autonomous at a time when many firms are opting for acquisitions or private equity consolidations.”

DSG has recently enjoyed steady growth, reporting a fee income of £7.6m for the year ending April 2024, up 12% year-on-year. It now has a team of 110, with services including tax advisory, audit and accounts, corporate finance, and payroll services.

Mark Kearsley said the MBO would allow the practice to invest in technology and to nurture the next generation of talent. He said: “Remaining independent is about more than control; it’s about building a business that truly reflects the values and aspirations of our clients. We have ambitious plans for DSG and this is the first step on that journey.”

Andrew Moss, corporate partner at DSG, said: “This MBO marks a significant milestone in DSG’s history, and we are proud to remain the largest independent firm in the Liverpool City Region.”

Fello corporate partner Jean Ellis said: “We are committed to continuing our legacy of delivering outstanding service to our clients while fostering a dynamic environment for our talented team.”

Laura Leslie added: “In an industry where many firms are merging or seeking external investment, DSG’s decision to remain independent speaks volumes about our confidence in the future. This approach allows us to stay true to our clients and continue our growth on our own terms.”

HSBC’s Liverpool team supported on the funding for the MBO. Matt Murphy of Watts Commercial Finance provided debt advisory services, while Glenville Walker provided legal advice to the buyer’ side and Lupton Fawcett advised the sellers’ side.

Chris Heron, relationship manager at HSBC UK, added: “It’s fantastic to support DSG with this MBO. This decision cements the future of a thriving business that is highly valued by its customers and we look forward to what the future brings as part of this exciting new chapter.”

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