Deloitte integrates Gibraltar operation into its UK entity

13 June 2017 Consultancy.uk

Deloitte Gibraltar has become part of Deloitte UK. The integration of the Gibraltar member firm into that of the UK sees 50 staff transfer, including five partners. Through the integration what was formerly Deloitte Gibraltar, the staff will remain in place on the territory, is better able to leverage the resources of the must larger Deloitte UK. In addition it gains access to Deloitte North West Europe, set up late last year.

Gibraltar is one of the UK’s overseas territories. The territory has a population of around 32,000 and is directly connected with Spain at its northern boarder. As an area of special interest leading into upcoming Brexit negotiations, the territory been the cause of constant controversy throughout 2017, with a British nuclear submarine even being spotted in Gibraltar’s waters at the end of May, which Spanish sources interpreted as a show of force by the UK’s Ministry of Defence.

Amid this continuing unrest, global consulting giant Deloitte has announced that it is incorporating its previously separate member firm in Gibraltar into the larger Deloitte UK network. Established in 1991, Deloitte Gibraltar was previously one of the firm’s global members, and with a staff of fifty, including five Partners, has become one of the biggest consulting practices on the territory. The member firm offers a range of services, including various options for High Net Worth Individuals (HNWI) looking to reside in the territory.

Deloitte Gibraltar joins Deloitte UK

As a result of the new arrangement, the partners and staff will become an extension of the UK firm, while physically continuing to operate from their base in Gibraltar. Through the move, the Big Four firm suggests its Gibraltar office will be better able to meet client demand in the region and the firm’s growth – and hopes it will be able to leverage the UK’s and Europe’s wider resources.

The changes will further see the office gain access to Deloitte North West Europe – a new entity which contains the firm’s members in Belgium, Denmark, Finland, Iceland, the Netherlands, Norway, Sweden, Switzerland and the UK – despite Gibraltar’s geographical location, south of the Spanish coast.

Regarding the move, Joseph Caruana, lead Partner of Deloitte’s Gibraltar office, said, “The move allows us to benefit from the investment scale of Deloitte North West Europe and creates new opportunities for our people, helping us to attract, develop and retain the very best talent in our market.”

David Sproul, a Senior Partner and Chief Executive of Deloitte UK & Deloitte North West Europe, added, “We are delighted that Deloitte Gibraltar is becoming part of Deloitte North West Europe. Our strategy is to deliver services to clients as one seamless global organisation and today’s announcement is another step in that direction. Through Deloitte North West Europe, we are investing to allow us to better serve the needs of our clients who operate in a more globally connected way than ever before, and continuing our relentless focus on quality.”

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”