Merger Adds Up for Accountancy Firms

Dundee is to become home to one of the largest independent accountancy firms in Scotland with the impending merger of two practices.


L-R:  Stephen Taylor and David Cameron

L-R: Stephen Taylor and David Cameron


Dundee-based EQ Accountants LLP, which recently celebrated its 10th anniversary, will join forces with Carters, who are based in Glenrothes, with effect from 1 April 2015.

With four offices in Dundee, Forfar, Glenrothes and Cupar, the merged firm will employ over 100 staff, including 16 Partners. With plans to grow further and recruit into a range of positions within the months ahead, the merger will increase EQ’s turnover from £4M to £6M.   No redundancies will be made as a result of the merger.

The ambitious development will pool the considerable strengths and talents of Partners and staff from both firms to create an even more vibrant Scottish business.  Most important of all, the merged firm will deliver a broader and more comprehensive service to both existing and prospective clients.

Speaking from his office in City Quay, David Cameron, Managing Partner, EQ said, “It is vital in any business to continue to move forward, and to reinvigorate on a regular basis. Accountancy is no different, and at EQ we continually strive to lead the marketplace. The potential benefits generated by amalgamating with Carters are endless, with their excellent reputation for delivering quality service to clients throughout Fife and beyond.”

“As well as strengthening our depth of expertise and extending our geographic reach in sectors such as agriculture, the merger will also present great opportunities for existing Partners and staff, as well as those who we will be seeking to appoint in the weeks and months ahead.”

Meanwhile, Stephen Taylor, Managing Partner, Carters added, “As part of our steadfast commitment to each and every one of our clients, the newly merged firm will be well placed to exceed their needs and expectations. 

“The merger is being made from a position of strength with two very successful practices coming together to create both an exciting and professional accountancy firm which will help our clients meet their business objectives and achieve even greater success.  In addition, the stronger and larger firm, and its associated infrastructure and staffing, will also allow us to commit even greater time and resources to our clients, while maintaining the excellent personal service for which we are known.”

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With offices in Dundee and Forfar, EQ is a full service firm of Chartered Accountants servicing clients throughout Scotland and beyond. Through a very successful merger in 2004, EQ was created and is widely recognised for its expertise across a series of sectors, including Agriculture, Healthcare, Professions, Charities and Technology. Employing 70 staff, EQ is particularly well known for its strong tax service and planning.

Carters, which can trace its roots back 50 years, is one of the leading accountancy firms in Fife. Starting life as a branch office of an Edinburgh practice, its founding Partner, Jeff Carter, then launched the firm’s head office in the emerging ‘new town’ of Glenrothes. Providing the full range of accountancy and tax services, Carters is known for working closely with its clients. The firm employs seven Partners and 35 staff across its two offices in Glenrothes and Cupar. Two successful acquisitions in the past 10 years have seen the firm create a strong presence across the whole of Fife, the Lothians and beyond. Carters has particular strengths in acting for professional firms, farmers and manufacturing businesses.

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