Begbies Regulatory News (BEG)

30 Jan 2008 07:01

Begbies Traynor Group PLC30 January 2008 30 January 2008 Begbies Traynor Group plc Acquisition of Shaw Tax Begbies Traynor Group plc (""the Group") (AIM: BEG), the specialist professionalservices organisation, today announces the acquisition of Shaw Tax, the largestindependent firm of dedicated Chartered Tax Advisors in the UK. The acquisition of Shaw Tax marks another step in line with the Group's strategyto extend its professional services offering. It follows the acquisition, inMay 2007, of Stellar Financial Services which provides specialised fiscal structuring and investigations consultancy advice. As a result of theseacquisitions, together with organic growth, the Group now derives fee income of£5m per annum from tax consultancy services. Shaw Tax was founded in 1992 by Andrew Shaw and has developed significantly overrecent years through a combination of organic growth and acquisition. Its48-strong team specialises in the provision of corporate and personal taxationservices including consultancy, compliance, wealth management and trusteeservices. It has an extensive referral base of general practice accountants andlawyers who use the firm to help meet their client's needs. The business operates from Birmingham, with offices in London, and it will beintegrated with the Group's existing tax consultancy, which is based inManchester. Ric Traynor, Executive Chairman, commented: "The acquisition of Shaw Tax extends the Group's penetration of the taxconsultancy market and broadens our service offering considerably. We lookforward to growing the business as part of the Group and to driving crossreferral opportunities from our professional contact base." - Ends - For further information, please contact: www.begbies-traynorgroup.com Begbies Traynor Group plc 0161 837 1700Ric Traynor, Executive ChairmanJohn Gittins, Chief Financial Officer Shore Capital & Corporate Limited 020 7408 4090Guy Peters Smithfield 020 7360 4900Reg Hoare/Katie Hunt About Begbies Traynor Group: Begbies Traynor Group plc is a specialist professional services organisationproviding independent professional advice and solutions to businesses, financialinstitutions, the accountancy professions and individuals in the areas ofcorporate finance, recovery, investigation, risk management, commercial financeand specialist tax advice. It is listed on AIM (Ticker: BEG.L). This information is provided by RNS The company news service from the London Stock Exchange