Armstrong Watson Secures Major Funding for Expansion
Deal News | Jun 13, 2025 | B Daily
Armstrong Watson, an accountancy and business advisory firm based in Carlisle, has secured a significant investment from HSBC UK, aimed at propelling its strategic growth across the North of England and Scotland. This eight-figure funding will enable the firm to finalize at least four new acquisitions, including a recent takeover of a Glasgow accountancy practice. The investment aligns with Armstrong Watson's commitment to embracing digital innovation, particularly through investments in AI and digital technologies, ultimately fostering a future-ready working environment. CEO Paul Dickson emphasized their dedication to client confidence and the pivotal role HSBC's flexible funding plays in realizing their vision. HSBC UK, through relationship director Ben Foster, praised Armstrong Watson for its forward-thinking approach and strong regional presence, reaffirming their support for the firm's continued development.
Sectors
- Finance and Accounting
- Technology
Geography
- United Kingdom – Armstrong Watson, with its headquarters in Carlisle, operates across the North of England and Scotland.
Industry
- Finance and Accounting – Armstrong Watson is an accountancy and business advisory firm, making this industry classification relevant.
- Technology – The firm plans to invest in AI and digital technology, making the technology sector relevant to their future activities.
Financials
- Eight-figure investment – The funding secured by Armstrong Watson from HSBC UK for future acquisitions and technological investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Armstrong Watson | Target Company | Company | An accountancy and business advisory firm headquartered in Carlisle. |
| HSBC UK | Funding Provider | Company | A major bank providing an eight-figure investment for Armstrong Watson's expansion plans. |
| Paul Dickson | Chief Executive and Managing Partner | Person | CEO and Managing Partner of Armstrong Watson, leading the firm's strategic growth initiatives. |
| Ben Foster | Relationship Director | Person | Relationship Director at HSBC UK, involved in providing funding to Armstrong Watson. |