Xeinadin, one of the leading professional services firms in the UK and Ireland, has announced Wexford accountancy firm Sheil Kinnear has joined its expanding Irish operation.
Sheil Kinnear is one of the longest and established accountancy practices in Ireland, specialising in all aspects of general practice including tax compliance and business advisory for a wide range of small owner-managed businesses to large SMEs across all industries.
Sheil Kinnear is the 20th practice to join Xeinadin in the last two years, aimed to support the company’s ambitious growth plans in becoming the most trusted advisor for business owners.
Xeinadin also announced in June it plans for a €40 million investment in the Irish market over the next 18 months, signifying the company’s commitment to the Irish market.
Derry Crowley, CEO of Xeinadin, said: “Sheil Kinnear has a longstanding reputation and history for delivering outstanding work for local businesses in the South-East and beyond. The merger was an easy choice when it came to expanding our local footprint and we look forward to working with David and the rest of the team to support our SME clients in overcoming the challenges they are facing.”
David O’Connor, Director of Sheil Kinnear, said: “We are proud to be joining Xeinadin and look forward to the years ahead continuing to unlock growth for the businesses we work with. The move will provide greater opportunities for the team and allow us to expand the range of services that we can offer clients.”
Recent research commissioned by Xeinadin which surveyed SMEs owners across the South-East (Waterford, Wexford, Carlow & Kilkenny) showed that 43% have noted an increase in revenue over the last year, however costs such as VAT, minimum wage increases and late payments from customers are seen as main barriers to growth.
Derry Crowley added: “We recently surveyed SME owners across Ireland including the Southeast and there are plenty of reasons to be positive with over half of SMEs in Ireland reporting increased revenue in the last 12 months. However, challenges remain, with rising costs including VAT and minimum wage increases flagged as the top barriers to growth. As a combined unified entity drawing from local, national and international expertise, Xeinadin with Sheil Kinnear has the insights, experience and scale to support Southeast SMEs in 2024 and beyond.”
