Our Corporate Finance team advises Duncan & Toplis on their acquisition of Torr Waterfield

Our Corporate Finance team recently provided financial and tax due diligence services to Duncan & Toplis (“the group”) on their acquisition of Leicester based accountancy firm Torr Waterfield.

Established in 1925, Duncan & Toplis currently operates from 13 offices. This transaction marks another significant milestone for the group as they expand the group’s client offering and regional presence into Leicester for the first time. 

Damon Brain, CEO of Duncan & Toplis, commented: “We’re delighted to welcome Torr Waterfield to Duncan & Toplis. Leicester is a key strategic location for us, and this move strengthens our regional presence while adding great people and experience to our team. This partnership is not just about growth – it’s about alignment. Mark, Mike, and their team have built a people-focused firm that puts clients first, which reflects our own values. We’re excited to support them as we move forward together.”

Mark Torr, co-founder of Torr Waterfield, commented: “We’re proud of everything we’ve built over the past 25 years. Joining Duncan & Toplis enables us to further build on that foundation while creating space to grow. We’re confident this will be a smooth transition, and we look forward to continuing to support clients with the same service they know and trust, now with the backing of a respected and established national group.”

Mike Waterfield, co-founder of Torr Waterfield, added: “This is a very positive step for our business. Duncan & Toplis shares our commitment to high-quality client service and supporting our people. By joining their group, we’re gaining access to greater resources and a wider range of expertise, which will truly benefit our team, our clients, and our community.”

Brad McAvoy, who led the team at James Cowper Kreston Corporate Finance, supported by Nikul Patel commented: “Our team was delighted to assist fellow Kreston Global Network member, Duncan & Toplis on another acquisition as they continue to expand their offering and presence across the accountancy, business advisory and wealth management market.”