Wbg, a professional services and accounting practice, has acquired fellow Scottish firm Dunedin Advisory to strengthen restructuring offering.
Established in 2009, Glenrothes-based Dunedin became employee-owned in 2020.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Its management team includes licenced insolvency practitioners, chartered accountants and business professionals.
The firm advises individuals and businesses on cashflow and debt management, business challenges, restructuring, consolidation, financial pressures, dispute resolution and business exits.
Wbg CEO Allan Dowie said: “Dunedin Advisory specialises in the provision of expert business advice, growth and succession planning together with the restructuring and recovery of businesses.
“It also supports businesses facing insolvency and individuals with personal debt or creditor guarantees.
“This acquisition will see 11 new colleagues welcomed to Wbg, taking the headcount of our restructuring function to 33 thereby making it a formidable offering for both corporate and personal restructuring advice across all sectors in the UK market through Wbg’s office network.”
Wbg has 190 employees across eight offices in the UK and Ireland. It serves more than 8,000 clients.
Dunedin Advisory director Christine Convy said: “We are delighted to become part of Wbg through this deal which will directly benefit our clients by bringing together our team of expert business advisors with Wbg’s widely acknowledged business turnaround and restructuring specialists to create a cohesive, sector-leading, robust nationwide offering to individuals confronting cashflow and debt problems, as well as business owners and directors seeking solutions to business challenges.”
Last month, Wbg appointed 14 trainees as part of its investment in the next generation of accountants and business advisers.
