Dermot Callinan - Spear's Magazine

Dermot Callinan

Saffery Champness

Dermot Callinan
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Saffery Champness has grown considerably over the past 12 months – ‘double-digit growth’, according to Dermot Callinan, a private client tax partner based in the Harrogate office.

‘Our client base in the North is very varied but all of them are very entrepreneurial,’ he says. ‘We have just completed on the sale of Hadrian Healthcare Holdings Ltd for over £100 million to an institutional investor and a not-for-profit operator. Our role in the financial structuring was instrumental to the deal, according to the founder and CEO.’

When we ask if his businessowner clients are concerned about Brexit, he says: ‘I think people have got used to Brexit uncertainty, and they’ve got used to the fact that our relationship with Europe will never be the same – that’s reflected in our currency already to a large extent.’

Are clients tempted to move their money offshore? ‘The jurisdictions which have proved in practice to be popular are not the ones you’d expect,’ he says. ‘Portugal is good if you’re intending to receive a high level of income; a move to Switzerland works if you have the recourses to live in such an expensive jurisdiction.’ But, in general, ‘People still are coming to the UK – particularly US citizens.’