MHA Henderson Loggie switches to Barclays to support growth
The Dundee-headquartered professional services firm, MHA Henderson Loggie, is eyeing further growth after securing funding support and facilities of over £2m from Barclays.
The established firm recently underwent a rebrand to better reflect its membership of the invitation only national accountancy association for independent firms, MHA, which they co-founded in 2011.
With offices in Aberdeen, Dundee, Edinburgh, and Glasgow, MHA Henderson Loggie is growing its team and client offering across its business.
By moving to Barclays, the firm said the new funding will support growth and a strategic direction with a particular focus on recruitment and retention of existing talent.
It will also be used to help grow the firm’s audit services, for both commercial and not for profit organisations, across the central belt, and increase its accounting and tax advisory services in Aberdeen and Glasgow.
Recruitment will also take place in Dundee to further enhance MHA Henderson Loggie’s offering for owner-managed businesses in the Tayside region. The firm recently signified its intent with the senior appointments of Kimberley Thomson and Shona Campbell to lead its tax, and business recovery and insolvency teams respectively.
David Smith, managing partner of MHA Henderson Loggie, said: “It’s an exciting time for MHA Henderson Loggie, we are in a great position to grow. With the support of Barclays we are able to capitalise on opportunities and achieve our growth ambitions.
“The accountancy landscape is changing, and technology is allowing us to focus more on real-time business advice to help our clients grow profitably. We have recently launched our new internal training academy, providing our staff and the next generation of accountants with the skills required in our fast-paced economy and ever-changing business environment.”
Paul Smith, corporate development director at Barclays, said: “MHA Henderson Loggie is a long-established and recognised name in professional services and we have known the team for many years. We are pleased to be supporting the firm to reach its growth aims.
“All businesses, regardless of size, can benefit from good advice and strong partnerships so the role of professional services cannot be underestimated. It remains a key sector in Scotland and we are committed to supporting it.”
The team from Barclays was led by Paul Smith, corporate development director and Stuart McAleese, relationship director.