Date: June 2024
Project: Acquisition Support
Sector: Business Services
Role: Financial analysis and modelling support for the acquisitions
Forward support Dains on acquisitions eight and nine
Forward Corporate Finance is delighted to continue its relationship with Horizon backed Dains Accountants, supporting the management team on the acquisitions of CRS VAT and Condies.
As NHS VAT specialists, CRS VAT has become a leading VAT service provider for the sector, delivering increased VAT recovery and tailored advisory services. The team is a natural fit, complementing Dains’ expertise in providing services to the Public Sector following the acquisition of P S Tax in 2023.
Condies is one of the most respected and established accountancy firms in Scotland, with offices in Dunfermline, Edinburgh and Dundee. Together with the team in Dains Scotland (formerly William Duncan + Co) which was acquired by the Group in September 2022, the acquisition of Condies reinforces the Group’s commitment to providing exceptional compliance and advisory support across a broadening geographic footprint.
Forward provided financial support to Dains on the transaction. This included working with the CRS VAT and Condies teams to collate financial data, assess historical performance and KPIs, and build a fully integrated financial model to feed into the due diligence process and group modelling.
