Investor FAQs
General
The registered office and administrative centre is located at The Pinnacle, 150 Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 1LZ.
The principal operating office is at 2 London Wall Place, London EC2Y 5AU.
MHA has 30 offices across UK, Ireland, South East Europe and the Cayman Islands
Audit & Assurance, Advisory, Tax, Wealth.
MHA combines partner-led attention with deep sector specialism and the reach of Baker Tilly International. Clients get senior time, teams that speak their industry, and seamless cross-border delivery through a network of c.43,500 people in 143 territories. That mix of intimacy, expertise and global access is hard to replicate.
Membership delivers instant access to recognised specialists worldwide, efficient referrals, and a respected global brand. It lets us support clients as they expand and brings international opportunities to our door, while we remain fully accountable for quality in the UK, Ireland South East Europe and Cayman.
MHA now employs 2,350 people across 30 offices, supported by 153 partners.
Financials
Our revenue base is broad and defensive. Recurring work is c.87% across audits, tax, and compliance-driven services. We serve thousands of clients with low concentration, with the top 10 contributing only a small single-digit percentage share. This provides good visibility and strong resilience through economic cycles.
Our priorities are to fund organic growth in people and technology, execute accretive acquisitions, and return capital through a progressive dividend. The Board intends an initial payout ratio of c.50% of net profit after tax, with quarterly dividends from FY26, supported by a highly cash-generative model.
Market
The UK audit and accounting market is large and growing, with increased regulatory scrutiny and capability constraints creating room for high-quality challengers. Big Four share is edging down, skills are tight, and the oversight and compliance bar on audit quality keeps rising, all of which favour scaled multi-service and sector focused advisers like MHA.
Performance is broad based across 15 sectors. In FY25 audit and assurance contributed 51% of revenue, tax 18%, advisory 28% and wealth 3%. The largest sector contributors were Real Estate and Construction, Retail, Consumer and Hospitality, Financial Services, Manufacturing and Engineering and Professional Services. Advisory grew year on year as clients sought specialist support including corporate finance and restructuring and recovery. Our sector-led approach often originates work then we cross sell audit, tax and advisory to deepen relationships.
Growth Strategy
We reported FY25 revenue of £224.2m with strong cash generation and organic and acquisitive momentum since Admission. We aim to build a business of greater scale and enhanced quality, with a medium-term ambition to exceed £500m of annual revenue and to enter the top 10 of UK firms.
We pursue selective, high-quality acquisitions in priority regions and services, and cross-border opportunities where culture and operating models align.
We are disciplined on fit, integration, and financials, with a clear playbook that targets synergies within 12 to 24 months. The pipeline includes UK and European opportunities.
We invest in proven, secure platforms that enhance analytics, workflow and client service. Post-IPO proceeds include a defined allocation to technology and AI to drive efficiency in data collection and analysis, while planned investments focus on automation, unified reporting and better insight generation.
