Wbg buys Dunedin Advisory, building Scotland's biggest restructuring team
What's the deal? Scottish professional services and accounting firm Wbg has acquired Dunedin Advisory, an employee-owned insolvency and chartered accountancy practice based in Glenrothes. The price was not disclosed. The deal adds 11 staff and lifts Wbg's restructuring headcount to 33.
What each side brings: Dunedin, founded in 2009 and employee-owned since 2020, advises businesses and individuals on cashflow, debt management, restructuring, and business exits across east Scotland. Wbg has 190 employees, eight offices across the UK and Ireland, and £16 million in fee income serving over 8,000 clients.
The strategic rationale: The acquisition takes the combined business to five licensed insolvency practitioners — one of the largest such teams in Scotland — with a combined £4 million in annual revenue. Both firms have previously acted for Accountant in Bankruptcy, a Scottish Government executive agency, under contracted-out insolvency services.
What they said: The deal gives Wbg "the highest headcount in Scotland for restructuring," said chief operating officer Donald McKinnon.
Why now? Wbg is targeting £50 million in fee income through organic growth and further acquisitions, and is investing in people and technology to meet market demand.
The signal: The purchase fits a broader pattern of accountancy groups building out corporate-recovery capacity — UK firm XeinadinDealroom has a profile for this one. Try Dealroom → bought insolvency practice Campbell Crossley & DavisDealroom has a profile for this one. Try Dealroom → in March 2026. Yet the backdrop is mixed: Scottish corporate insolvencies fell 27.7% year on year in the first quarter of 2026–27, though they remain above pre-pandemic levels. The move is chiefly about regional reach and specialist depth in a still-active restructuring market, rather than a market-changing transaction.
Read more: scottishbusinessnews.net
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