{"id":144302,"date":"2025-03-19T19:46:50","date_gmt":"2025-03-19T19:46:50","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/a-top-15-firm-across-the-pond-wants-to-ipo-has-to-get-regulators-off-their-back-first\/"},"modified":"2025-03-19T19:46:50","modified_gmt":"2025-03-19T19:46:50","slug":"a-top-15-firm-across-the-pond-wants-to-ipo-has-to-get-regulators-off-their-back-first","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=144302","title":{"rendered":"A Top 15 Firm Across the Pond Wants to IPO, Has to Get Regulators Off Their Back First"},"content":{"rendered":"


\n<\/p>\n

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MHA, top 15 firm in the UK (#13) and member of Baker Tilly International, is apparently seriously considering an IPO and soon, maybe as soon as the end of this month. The Times<\/em> reported earlier this week<\/a> that such an offering, if it goes down the way partners want it to, would be a \u201cwindfall\u201d for the firm\u2019s handful of current and retired partners.<\/p>\n

\n

Dozens of current and retired partners at MHA are set to split \u00a380 million [approximately $104 million USD] after the accounting firm confirmed plans to list on Aim, London\u2019s junior stock market.<\/p>\n

It wants to raise \u00a3125 million as part of its initial public offering (IPO). Assuming it can attract that sum, about \u00a345 million will be used to fund its investment in new technology, specifically artificial intelligence.<\/p>\n

The rest \u2014 about \u00a380 million \u2014 will be split between 41 partners and 19 retired partners. MHA has not specified which partners are selling shares, although some of those cashing in are understood to be on the board.<\/p>\n<\/blockquote>\n

\u00a380,000,000 divided by 60 is about \u00a31.3 million each, we assume the distribution won\u2019t be so equal. According to a 6-month revenue update shared in December<\/a>, MHA has 1,916 people across 23 offices with 147 partners, we\u2019ll also assume 106 of them aren\u2019t equity partners.<\/p>\n

MHA says business is booming, having gone from \u00a390 million in revenue in 2020 to \u00a3154 million in 2024.<\/p>\n

\u201cThe feedback from potential investors has been positive over the last few weeks underlining that this is an exciting move for our firm and our people and we believe a welcome one for the London market,\u201d said MHA to International Accounting Bulletin<\/em> in a statement<\/a>. \u201cAn IPO will allow MHA to make greater investments in our people, technology and further acquisitions and become an even more attractive proposition to potential new recruits at both a senior and entry level.\u201d<\/p>\n

They claim they got more than 10,000 applications for autumn 2025 new hire positions. They brought in a record 214 new trainees in 2024 (pictured below), up from 130 in 2023 (they called this \u201calmost doubling,\u201d making us question the aggressiveness of their rounding of numbers).<\/p>\n

\"\"
MHA newbie class of 2024. Source: MHA<\/figcaption><\/figure>\n

Any IPO would be subject to regulator approval. Audit cops at the Financial Reporting Council are already investigating MHA<\/a> after the collapse of a former audit client so we\u2019ll see how that goes. The FRC decided at a meeting in January to look into MHA\u2019s work on failed construction company ISG<\/a> but didn\u2019t announce the investigation until March 18, right when the IPO news started hitting. Weapons grade pettiness, really.<\/p>\n

Windfall of \u00a380m for accounting partners as MHA plans float<\/strong> [The Times<\/a>]<\/p>\n

Related<\/em><\/h3>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"

MHA, top 15 firm in the UK (#13) and member of Baker Tilly International, is apparently seriously considering an IPO and soon, maybe as soon as the end of this month. The Times reported earlier this week that such an offering, if it goes down the way partners want it to, would be a \u201cwindfall\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":144303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[47095,61014,4524,61015,25315,61016,61017,4700,26312,213],"dealstore":[],"offerexpiration":[],"class_list":["post-144302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-bragging","tag-financial-reporting-council","tag-firm","tag-good-luck-with-that","tag-ipo","tag-ipos","tag-meanwhile-across-the-pond","tag-pond","tag-regulators","tag-top"],"yoast_head":"\nA Top 15 Firm Across the Pond Wants to IPO, Has to Get Regulators Off Their Back First - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=144302\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Top 15 Firm Across the Pond Wants to IPO, Has to Get Regulators Off Their Back First - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"MHA, top 15 firm in the UK (#13) and member of Baker Tilly International, is apparently seriously considering an IPO and soon, maybe as soon as the end of this month. 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