Armstrong Watson secures eight-figure funding from HSBC UK
Armstrong Watson, a UK-based accountancy firm, has secured an eight-figure funding package from HSBC UK.
The firm will use the funding to drive its expansion across the North of England and Scotland.
Based in Carlisle, Armstrong Watson operates 19 offices in locations including Leeds, Newcastle, Manchester, Kendal, and Glasgow.
The organisation currently employs more than 800 individuals and is set to strengthen its footprint in the area.
Armstrong Watson managing partner and chief executive Paul Dickson said: “We’re committed to helping our clients grow with confidence, secure their futures and enjoy peace of mind through every stage of their journey.
“Our latest acquisition in Glasgow is a fantastic milestone, and with HSBC UK’s support we’re also embracing the future through digital innovation and further expansion.
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By GlobalData“The team at HSBC UK have taken the time to understand our business and ambitions, providing flexible, practical funding that enables us to deliver on our strategy.”
The investment will support both organic growth and further acquisitions, with Armstrong Watson planning at least four additional takeovers in the coming years, according to local media reports.
The firm recently acquired a Glasgow-based accountancy practice, strengthening its specialist advisory services in Scotland.
HSBC UK relationship director Ben Foster said: “Armstrong Watson is a forward-thinking firm with deep regional roots and a clear growth vision. Our funding will allow them to invest in their people, technology and acquisitions.
“We’re proud to support their continued evolution as they deliver real impact for clients across the North of England and Scotland.”
The funding will also enable Armstrong Watson to invest in AI and digital technology to create a modern, “future-facing” working environment, according to Bdaily Business.
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