Armstrong Watson Secures Eight-Figure Refinancing from HSBC for Expansion
Deal News | Jun 18, 2025 | Philip Hare & Associates LLP
Armstrong Watson, a prominent business advisory and accountancy firm, has secured an eight-figure funding package from HSBC UK to support its long-term growth strategy. This package, negotiated with the assistance of Muckle LLP, enables Armstrong Watson to pursue at least four additional acquisitions in the North East and Scotland, enhance its technological capabilities, and integrate AI and digital solutions. The financial support underscores Armstrong Watson's commitment to client growth and innovation, reflecting a strategic focus on expanding its service range and technological edge. HSBC UK's relationship director, Ben Foster, praised the firm's forward-thinking vision and regional dedication, while Muckle's Louise Duffy highlighted the collaborative effort to close this significant transaction successfully.
Sectors
- Financial Services
- Legal Services
Geography
- United Kingdom – The refinance deal involves UK-based companies HSBC and Armstrong Watson, with planned geographic expansion in the North East and Scotland.
Industry
- Financial Services – Armstrong Watson operates within the financial services sector as a business advisory and accountancy firm securing financial support for expansion.
- Legal Services – Muckle LLP and Blackadders LLP provided legal advice for the refinancing deal, putting the spotlight on the legal services industry.
Financials
- Eight-figure funding package – HSBC UK provided this amount to Armstrong Watson to support its expansion and technological advancements.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Armstrong Watson | Borrower | Company | A leading business advisory and accountancy firm securing refinancing for growth. |
| HSBC UK | Lender | Company | Provided an eight-figure funding package to facilitate Armstrong Watson's growth. |
| Muckle LLP | Legal Advisor | Company | Provided legal advisory services to HSBC for the refinancing package. |
| Blackadders LLP | Legal Advisor | Company | Provided Scottish law advice for the refinancing deal. |