Originally posted by Darren at DynamoAccounts
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Clearsky, Parasol, SJD & Nixon Williams (Optionis) For Sale at £300m !!
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"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank... -
I guess this perhaps isn't that weird...but just to check my understanding, this means at the same time as trying to sell the whole combined business, they're still buying up further smaller businesses to merge in?Comment
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Originally posted by Maslins View PostI guess this perhaps isn't that weird...but just to check my understanding, this means at the same time as trying to sell the whole combined business, they're still buying up further smaller businesses to merge in?
The higher the client base the more opportunities for "Monetising clients" for new investors, plus the turnover goes up and they can say to potential buyers "...and that EBITDA is without any integration / efficiencies / further massive reductions in service levels"Comment
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Originally posted by cojak View PostFirst Freelance customers - expect the same level of service as those clients who used to use SJD...Comment
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Originally posted by rootsnall View PostAre Nixon Williams starting to pick up any flak ? I've been happily tootling along in year 2 back in contracting and they've been OK so far but I have noticed the Point of Contact has changed quite a few times."The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." CiceroComment
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Been with NW for nearly 4 years and have definitely seen a change in the level of service in the last 6 months. New accountant(s) and delay in answering queries.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
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Originally posted by churchillsnip View PostReplace 'accountancy practice' with 'IT consultancy' and the above still holds true Chris.
I wouldn't expect you to share your trade secrets on here, though that process could make interesting reading for those on the forum that are interested in the indie consultancy route.
Interestingly, SJD are the 10th largest insolvency practice in the country according to this league table (which only looks at certain types of insolvencies). that means that if many contractors do leave the contractor market, there is a short term boom coming their way.
Just sayin'."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Originally posted by Waldorf View PostI’ve heard that they’re losing clients now, similar to SJD, they’ve also lost many of their experienced staff, not many left that were there when it was sold in 2014.Comment
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