On the 1 June 2019, Lalor O’Shea McQuillan Chartered Accountants became a founder member of a new network of independent and individually managed accounting firms across the United Kingdom and Ireland.
Around 123 independent accountancy firms joined the network, called Xeinadin and on 1 June, the combined turnover of these firms meant it became one of the UK’s and Ireland’s largest accounting firm.
Xeinadin will develop a range of products, services and opportunities to benefit the members and their clients, as well as create a “Head Office” structure.
In order to achieve commonality across all member firms, each independently run firm will enter the network trading in a newly formed company. I am delighted to say that this move will also see Padraic Lalor, John O’Shea, Nuala Kenny and Gareth Keogh become shareholders in the new company, LSMQ Limited, as well as the Xeinadin Group.
All of our operations, clients and staff transferred on the 1 June 2019 to our new company. Our existing firm, Lalor O’Shea McQuillan Limited, will cease providing accountancy and tax services on 31 May 2019, but will remain active and solvent.
Apart from our change of legal entity and bank account, everything else remains the same and we look forward to continue working with you and providing you with what we hope is friendliness, expertise, proactiveness and professionalism.
We believe that being a leading firm in this new network will bring strong benefits to our firm in the medium and long term, allowing us to provide a wider and deeper range of services to you.
In the short term, the focus is on the network itself developing and creating its own identity, so you will see no difference, and it’s very much business as normal at Lalor O’Shea McQuillan.
The Partners and Team would like to take the opportunity to once again thank you for the trust you, and all our clients, put in us. We never take that for granted.
Please don’t hesitate to contact us if you wish to discuss this further.