10 June 2024
By Elaine Murphy
elaine@TheCork.ie
Quintas rebrands to Xeinadin as €40 million investment planned
Irish accountancy firm Quintas has today announced it is rebranding as Xeinadin in Ireland. The move comes after the Cork-headquartered firm joined Xeinadin, one of the leading professional services firms in Ireland and the UK, last September. Xeinadin has €40 million earmarked for investment into Ireland over the next 18 months, as it expands its footprint here with a core focus on taxation and business advisory services and audit for SMEs across Ireland.
Eight other Irish firms – BCC, Crowley McCarthy, Tynan Dillon, O’Mahony Donnelly, Cregans, Colleran, O’Brien Neenan and Liam Burns – have also today rebranded to Xeinadin, bringing the total Irish workforce to over 500. Headquartered in London and with a flagship office in Dublin, Xeinadin has over 135 offices and more than 2,000 employees across Ireland and the UK. One of the largest acquisitions to date by Xeinadin, Quintas was established in 2005 and currently has a team of 70, with plans to expand in line with their expected growth.
Derry Crowley, CEO, Xeinadin; Sandra Clarke, Managing Partner – Ireland, Xeinadin, and Paul O’Connell, Managing Partner, Quintas, pictured at the announcement that Quintas, the Irish accountancy firm, has today announced they will rebrand to Xeinadin. The move comes after the Cork-headquartered firm joined Xeinadin, one of the leading professional services firms in Ireland and the UK, last September. Xeinadin has €40 million earmarked for investment into Ireland over the next 18 months.
Picture: Michael O’Sullivan /OSM PHOTO
Speaking at the rebrand launch event today in Cork, Minister for Finance Michael McGrath TD said: “SMEs in Ireland are the backbone of the Irish economy, and benefit from using partners that truly understand the realities of growing a business from the ground up. I am a strong believer in the power of collaboration, and am looking forward to what the combined power of these firms can achieve.”
Speaking on the announcement, CEO of Xeinadin Derry Crowley said: “Today we are celebrating the latest exciting step in our growth in Ireland, with all our Irish firms rebranding under one unified name – Xeinadin. As one of the fastest growing advisory firms in Ireland and the UK, this will bring huge opportunities for both the firms rebranding and all our clients across the SME sector.
“We recently surveyed over 500 Irish SMEs and there are plenty of reasons to be positive with 57% 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 has the insights, experience and scale to support Irish SMEs in 2024 and beyond.”
Quintas Managing Partner Paul O’Connell will take on the title of Head of Strategy and Acquisitions at Xeinadin in Ireland. The accountancy and tax firm specialises in business advisory, corporate finance, banking, debt resolution and insolvency, and mergers and acquisitions for SMEs and owner-managed and family businesses.
Mr O’Connell added: “We are delighted that Quintas is now unified under the Xeinadin name. Over the past six months, we have been integrating with Xeinadin and are now well-positioned to protect and grow the business of our clients by leveraging our combined resources and expertise. I am excited for the future of Xeinadin in Ireland, and look forward to further expanding our Irish presence, welcoming new firms into the fold and growing and supporting our client base.”