MHA (LON:MHA) is a leading professional services provider of audit and assurance, tax, accountancy and advisory services.
Founded in 1869, MHA is a leading professional services provider of audit and assurance, tax, accountancy and advisory services, based in the UK with an international presence. MHA considers itself as a “trusted advisor” to its clients, offering skills and services across multiple disciplines and sectors.
Following the acquisition of Baker Tilly South-East Europe on 10 August 2025, MHA now employs more than 2,350 people and has 153 Partners across its network of 30 offices, in the UK, Ireland, South-East Europe and the Cayman Islands.
MHA is the representative of the Baker Tilly International ("BTI") network in the UK. Ireland, Cyprus, Greece, Romania, Bulgaria and Moldova.
The Group is led by its CEO, Rakesh Shaunak, who is also a member of the Baker Tilly International Board, a Chartered Accountant and a member of the Chartered Institute of Taxation.
Our strategy
MHA's medium-term aspiration is to become a top-10 UK accounting and professional services business, generating in excess of £500 million annualised revenue. To deliver on that ambition and beyond, MHA aim to grow organically, pursue disciplined, high-quality acquisitions, and make targeted technology investments that enhance quality and efficiency.
Organic growth
MHA is focused on building on existing business and winning new clients across its core service lines and sectors.
Strategic acquisitions
Selective M&A is a core pillar of MHA's strategy. The Company has a proven track record of integrating acquisitions to scale the business. We target transactions that complement our culture and strengthen existing operations.
Technology & innovation
Technology investment underpins both the organic and M&A strategies. MHA is exploring new systems and adopting digital tools to enhance efficiency, quality and insight.
Key demand drivers
MHA operates in a market that is both large and growing. The UK audit and accounting sector is forecast to generate c. £8.8bn in FY25, having grown at around 5% per year since FY20.
Regulatory change and quality focus
Heightened regulatory scrutiny and upcoming reforms have raised audit quality expectations, prompting some firms to exit certain markets while creating opportunities for others, including MHA, to win more large public company audits.
Succession and consolidation
Across a fragmented market, succession pressures and partner retirements are driving consolidation, with MHA selectively pursuing M&A opportunities that strengthen its geographic reach, sector expertise and specialist capabilities.
Talent and skill shortages
Talent shortages across the profession, intensified by demographic shifts and post-Brexit dynamics, are elevating competition for skilled auditors and advisers; MHA continues to invest in people, training and technology to maintain quality and capacity.
Client demand for multi-service advice
At the same time, growing client demand for integrated, multi-service advice favours mid-sized firms like MHA that can provide coordinated audit, tax and advisory support, including ESG and international services.
