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Duncan & Toplis seals plans for biggest period of growth in 100 years

Duncan & Toplis | 29 September 2023

Duncan & Toplis has secured investment to accelerate its growth strategy.

The backing, which has now been approved by regulators, paves the way for us to double the size of our 500-strong team and expand across the Midlands.

The plan means we can provide a wider range of services, with a deeper skillset to help clients in an increasingly complex financial landscape, while also providing greater opportunities for our team.

Adrian Reynolds, Managing Director at Duncan & Toplis said:

“As we near the 100th anniversary of Duncan & Toplis, we’ve set our sights on the future, embarking on what will be the biggest period of growth since our group was founded in 1925.

“This is about growth for the right reasons and it’s not about reaching a turnover target or setting out to become the biggest. Our growth plan will help us to start the next 100 years as we mean to go on. It means we can do right by our people, our clients and our communities by growing in a controlled way that stays true to our culture.”

The investment by London-based pan-European private equity firm Blixt Group (“Blixt”), which has access to over €250 million of committed long-term institutional investor funding, means that Duncan & Toplis’ long term plans for growth could be achieved in just a few years.

Carl Harring, CEO at Blixt said:

“We are delighted to be working with Duncan & Toplis. We have been impressed by the quality, track record, and ambition of the business, and its exemplary commitment to both its people and its clients. We really look forward to partnering with the team at Duncan & Toplis and other like-minded accounting firms to help accelerate growth.”

At the heart of Duncan & Toplis’ new growth strategy is the continued investment in team member training and career opportunities, the expansion of our service proposition and the leveraging of technology to ensure we are always at the cutting edge of the sector.

This will be complemented by acquisitive growth which will bring Duncan & Toplis services to a wider geographical area, with the opening of offices in new locations. Discussions are already underway with a number of smaller, like-minded firms that are looking to embrace a similar journey as part of Duncan & Toplis, and other interested firms are invited to get in touch.

All Duncan & Toplis board members, directors and team members will remain in their existing roles, with Adrian Reynolds continuing as managing director of Duncan & Toplis and Andy Severn remaining as managing director of wealth management business Castlegate, part of the Duncan & Toplis group.

Please do contact us if you have any questions or queries.


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