Earlier this year, it was reported that Malcolm Hollis LLP was in talks with Capita over its acquisition of our business. It was then later reported that we had pulled out of negotiations. It has become apparent that there is still uncertainty in the market as to where things stand with us, so I wanted to take this opportunity to clarify the situation.
As a business, Malcolm Hollis has always prided itself on its independence and the fact that we have been able to undertake considerable yet sustainable growth and compete alongside some of the biggest multi-discipline firms, whilst still retaining the friendly personality that we have become known for. Over the years we have been approached by many bigger businesses and always rejected any advances outright. Capita approached us with a different offering, that would have enabled us to retain our identity and business principles, but with the added benefit of additional investment and support.
The deal had to be right for both our staff and clients before anything could be agreed and in the end there were a number of key issues that we could not get assurances over. These were integral for the protection of many of our key clients and not issues we are willing to make concessions over. Whilst we were tempted by the potential to enable rapid growth for our business, the reality is that doing it our own way as an independent business has seen us double in size in the last two years anyway. Joining Capita would have made it easier for us to repeat this feat again quickly, but we would rather do it on our terms over three or four years, than compromise our existing clients.
The decision to pull out of discussions was something the entire partnership was united on and since then it has been business as usual for Malcolm Hollis. In fact in the months since, we have launched new service lines, opened new offices, invested further in our staff and infrastructure and broken the £20million turnover mark for the first time, all achieved by the winning team that made us who we are in the first place.
As such, I can confirm that Malcolm Hollis is remaining independent for the foreseeable future.
John Woodman, Senior Partner