TaxAssist Direct – Due Diligence

TaxAssist Direct – Due Diligence

A franchisee-assisted management buyout, or ‘FAMBO’, was supported by HSBC who invited Larking Gowen to review and challenge the FAMBO team’s projections and bank covenant compliance.

In a highly unusual deal, more than half of the 190 TaxAssist Accountants franchisees have bought into a deal to take a stake in the franchise – giving them a 32% holding in the business with three executives.

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