Ifchor Galbraiths

2023 saw the merger of Ifchor and Galbraiths, two large global shipbroking companies. Ifchor, founded in Switzerland over 45 years ago, had established itself as a global leader in shipbroking, dry bulk and tankers. Galbraiths, based in London, had over 175 years’ experience in the shipping industry and maintained a large UK presence, specialising in shipbroking and maritime services.


The decision to merge the two market leading firms created a new force in shipbroking and offered chances to expand in areas including environmental transition services, gas, offshore and renewables within the sector.

The firms decided to approach accountancy and tax specialist Kilsby Williams to support and advise on multiple streams of work such as annual corporation tax returns, annual staff tax reviews, Companies House filings, financial statement production and the striking off of dormant entities, in addition to post merger integration guidance, a review of RDEC (research and development expenditure credit) and grant options, and ad hoc tax advice.

Kilsby Williams helped Ifchor Galbraiths throughout the merger, ensuring compliance and providing wider support to UK employees of the newly formed company. Kilsby arranged to strike off dormant entities and took on the annual filing of tax returns, Companies House submissions and liaising with HMRC.

Jonathan Cook, group finance director of Ifchor Galbraiths, said: “The merger process was very smooth and the Kilsby Williams team was instrumental in achieving that. They took on additional work to help facilitate a successful merger and integration of the two companies, all while ensuring compliance at every stage.

“We cannot recommend Kilsby Williams enough. They understand both our business needs and challenges; they are a real business partner. We are looking forward to working with Kilsby Williams more as we grow our business further in the UK.”