In a statement, the firm said:'Going forward, greater priority will be given to organically grown business, in particular by targeting smaller and medium-sized companies in fast-growing sectors such as IT and e-commerce, or corporate finance work within the smaller quoted company sector.
'As well as organic growth, HLB Kidsons will continue to look at selective local mergers with quality accountancy firms throughout the country.'
However, Douglas added: 'We are not completely abandoning the idea of a full merger with another Group A firm but we are certainly not making it a top priority.'
'Our priority is to continue to grow the business, and to increase our market share in the SME market, through organic growth and local mergers. We have launched a new initiative called From Strength to Strength which will help deliver these new ambitions.'
For more details about Kidson's new initiative, and an update on mid-tier merger activity, click on the news analysis below.
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