AAB and Ormsby & Rhodes in merger of professional services firms [Video]

Aberdeen-headquartered professional services firm AAB has invested in Ormsby & Rhodes, one of the longest-established chartered accountancy practices in Ireland.

The companies will merge in a deal that strengthens AAB’s international presence and access to the European market while bringing its annual revenues past €120m.

Established in 1911, Ormsby & Rhodes provides audit, accounting, tax, payroll, company secretarial and business advisory support and has consistently ranked in the top 20 firms in Ireland.

Ormsby & Rhodes has annual revenues of more than €7m, and the deal will see the company offer new services such as ESG reporting frameworks and sustainability strategies.

Accounts for Ormsby & Rhodes Ltd show the company had accumulated profits of €3.8m at the end of 2023 after making €123,700 that year, down from €299,600 in 2022.

The firm employed 25 people between payroll, secretarial, compliance and back office.

The business will continue trading as Ormsby & Rhodes, and all 10 partners remain committed.

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