Accountancy firm grows via acquisition in Munster market


Desire for audit, accounting, tax and corporate finance divisions is soaring between Munster corporations, states one of the region’s most swiftly increasing accounting firms.

James Loughrey, a husband or wife at MC2 Accountants, suggests the demand for expert advice is expanding in Munster. This assurance also underpinned Cork-dependent MC2’s recent conclusion to purchase of Parfrey Murphy Chartered Accountants.

The move implies that Cork-dependent MC2 is now 1 of Munster’s premier economical companies companies, possessing positioned alone for expansion in terms of scale, expertise and knowledge.

“MC2 delivers shoppers with a total suite of end-to-conclusion fiscal and organization solutions. The addition of Parfrey Murphy will enhance MC2’s experience and bolster its financial and accounting provider methods,” said Mr Loughrey.

The acquisition of Parfrey Murphy has observed all its staff and companions sign up for MC2. The new expanded crew now contains 52 staff members throughout the firm’s audit, accounting, tax and corporate finance divisions.

James Loughrey stated: “We have ambitious progress and enhancement options and this transfer assists us to speed up delivery of individuals plans.

“We imagine that Parfrey Murphy’s proficient crew, support offering and its great name make it a fantastic match for MC2. It presents us an option to blend our products and services and capabilities to eventually profit our purchasers.” 

The shift coincides with An Taoiseach Micheál Martin’s confirmation at the latest Cork Chamber 2022 Annual Evening meal that Cork’s inhabitants is set to expand by 50% by 2030, considerably a lot quicker than the countrywide typical.

Mr Martin reported the govt is fully commited to commit €165bn in regionally well balanced growth right before 2030 less than the Nationwide Progress Program and Cork will be amongst the principal beneficiaries as the city will bring in an array of organization, household and retail financial investment.

In new periods, Cork-primarily based MC2 has advised on transactions such as the 54-unit Barters Wooden housing estate in Blarney, Cork, the Arbutus housing advancement of 16 residential townhouses in Montenotte, Cork, the shareholder buyout of Vienna Woods Hotel, and lodge bargains for Killaloe Lodge & Spa, Poulaphouca Household & Falls and The Abbey,.

MC2 supplies customers with a total suite of stop-to-conclude economic and organization alternatives. The addition of Parfrey Murphy will complement MC2’s expertise and bolster its monetary and accounting support options.

Seamus Parfrey, of Parfrey Murphy, explained: “I am delighted that Parfrey Murphy is signing up for forces with a company as progressive as MC2. For some time now, we have been thinking about our selections for the shipping and delivery of the upcoming phase of Parfrey Murphy’s improvement and MC2 seriously is the perfect lover.

“This shift generates new, interesting alternatives not just for our team but for our purchasers also as our expanded organization will supply a wider vary of information and know-how. Customer company is our driving drive.”


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