Xeinadin Group (“Xeinadin”), the UK and Ireland-based business advisory and accountancy group, has made its first appearance in an influential league table of accountancy firms in the UK, entering straight into the top 20.
The group, formed in 2019 through a merger of over 100 small and medium-sized accountancy practices in the UK and Republic of Ireland, has debuted at number 18 in Accountancy Age’s 2021 Top 50+50 rankings. The rankings collate information on the top 100 firms, ranking them by total fee income for each financial year and putting a spotlight on those shaping and defining UK accountancy.
As the figures only measure UK fee income, Xeinadin believes it would have been comfortably inside the top 15 had Irish fee income been included in the rankings.
The result marks out Xeinadin as a disruptor in the accountancy sector. With annual revenues of over £100 million, and over 1,500 team members employed within the group, the group is one of the most significant new arrivals in the sector in recent years.
“This is a recognised and respected industry benchmark and we’re pleased to lay down a marker that demonstrates we’re a significant presence in the UK business advisory and accountancy market. With the work we have done integrating the group, investing in back office infrastructure and technology, we are in a strong position to continue our development both through organic growth and acquisitions.”Derry Crowley, CEO, Xeinadin Group
“Our local presence means we are well placed to maintain and build established client relationships where we can challenge and inspire our clients whilst retaining the regional insights that business owners value. Our vision is to become the most trusted accountancy and business advisory group in the UK and Ireland.“Paula Benoit, COO, Xeinadin Group
Primarily focused on serving small and medium-sized businesses and their owner-managers, Xeinadin operates 14 regional hubs across the UK and Ireland and has expertise across a wide range of services and sectors. Led by locally forged, trusted relationships, the group has invested heavily in the introduction of data-driven technology and centralised back office support; and fostering greater collaboration and knowledge sharing across its offices and teams.
It has made significant senior hires this year, including the appointment of Simon Nice as its CFO, Alastair Marsh as Independent Non-Executive Chairman and Robin Williams and Martin Burgess as a Non-Executive Directors.