MHA, the Milton Keynes‑based professional services group with a growing presence in Scotland, says it is firmly on track to achieve its medium‑term ambition of exceeding £500 million in annual revenue, after posting a 12 per cent rise in group turnover for the year ended 31 March 2026.
The company, which operates under the Baker Tilly International network and has offices in Edinburgh and Aberdeen, reported group revenue of approximately £251 million for the latest financial year, up from £224.2 million in FY25. Adjusted EBITDA also grew by 12 per cent to around £46 million, ahead of market expectations, underlining the scale of the underlying momentum in the business.
MHA’s trading update highlights the impact of two strategic acquisitions – Baker Tilly South East Europe and Moore Stephens LLC and Moore Stephens Consulting LLC – which have materially expanded its international footprint and client base. Combined with organic growth across audit and assurance, tax, accountancy and advisory services, the group has ended the year with net cash of £24 million, providing firepower for further bolt‑on deals.
The board has signalled that the pipeline of acquisition opportunities remains healthy both in the UK and overseas, which it believes will support continued double‑digit revenue growth and help MHA move closer to its goal of becoming a top‑10 UK accounting and professional services business.
In Scotland, MHA’s expanded network has helped capitalise on demand for mid‑market and SME advisory services, following a landmark IPO in April 2025 that raised £98 million – the largest AIM listing in the professional services sector in five years. The company previously reported that Scottish revenue soared by 290 per cent to £8.2 million in FY25, and the latest figures suggest that the region continues to outpace the group average.
With offices in Edinburgh and Aberdeen, MHA is increasingly targeting businesses in energy, real estate, family‑owned firms and professional services, using sector‑specialist teams and a tech‑led approach to advisory and assurance.
A key plank of MHA’s strategy is investment in technology and AI tools to improve efficiency, data‑driven insights and client service. The board has pointed to long‑term structural drivers – including complex regulatory environments, digital‑commerce growth and demand for ESG‑linked reporting – that underpin rising demand for its services.
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MHA’s stated ambition is to build a highly scalable, technology‑enabled platform that can deliver consistent service quality across UK and international markets, while protecting margins and partner remuneration.
MHA’s full‑year results for FY26 are expected to be published in July 2026, at which point the firm will provide more granular detail on divisional performance and geographic breakdown. For now, the board remains “confident” that the business is on track to meet current year expectations and continue the path towards its medium‑term revenue target of over £500 million.
For clients and investors, the message is clear: MHA is transforming from a UK‑centric mid‑tier player into a more global, integrated professional services group, with Scotland playing an increasingly important role in that growth story.
