New group formed
PwC builds team to focus on private firms
The move comes off the back of 20% growth in PwC Scotland’s private business work in the year to June, particularly driven by growth in the tax and deals practice, including the recent acquisition of Glasgow roaster Matthew Algie by German firm Tchibo.
The team will be run by partner Susie Simpson (pictured) as overall private business lead for Scotland supported by Kenny Wilson, looking after private business assurance, and Jon Shelley being responsible for private business deals in Scotland and the Aberdeen private business team.
The group will be supported by specialist teams covering Aberdeen/North East, Dundee, Edinburgh and Glasgow.
Ms Simpson said: “In Scotland, private business is one of PwC’s largest service-lines and reflects the fact that privately owned and private-equity backed businesses are the lifeblood of the Scottish economy capable of providing a baseline of certainty and positive growth in the face of the current period of political and economic change.
The growth in our private business practice in Scotland has bucked the trend even in areas such as the north east of Scotland.
“We have seen an impact on activity from private business clients since the EU referendum but by no means has the work dried up. The key is just to be innovative and fleet of foot to cope with the changes of a brave new world – exactly what private businesses are good at.”