Thu, 28 Sep 2017 | MERGER
Two accountancy firms based in Huddersfield have announced that they will merger in order to provide a larger range of services to their clients.
Simpson Wood, based in the centre of the town, and Bamforth & Co, located in nearby Slaithwaite, will join forces to consolidate their offerings to focus on tax planning, financial services and pension planning, estate administration, payroll and management accounts.
From 1 October 2017, the new business – named Simpson Wood incorporating Bamforth & Co – will be based at Simpson Wood’s offices and employ a combined 50 people from both firms.
Simpson Wood, which also has a satellite office in Penistone, South Yorkshire, has grown its annual turnover from £1.6 million to £2.2 million over the last three years, with an aim to hit £3 million by 2020.
The firm’s managing director, Mark Fielding, said that having been based in Huddersfield for more than 140 years meant his firm was perfectly positioned to “understand the needs of our clients”.
He added: “The combined entity means we’re creating an even broader pool of expertise that will be highly attractive to the region’s companies, owner-managed businesses and individuals seeking professional advice and accountancy services.”
Similarly Bamforth & CO, which has been based in Slaithwaite for almost 20 years, has grown its business sustainably in recent years.
Adam Bamforth, partner at the firm that shares his name, said that the two businesses “admired and respected” each other for their depth of knowledge and good business sense.
He added: “My co-partner Diane Pettinger and I very much look forward to being part of this new entity, and we are delighted that our clients will benefit from an even greater breadth of service and experience.”
Find a business for sale.
Subscribe to the Business Sale Report.
The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...
Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...
LEASEHOLD
This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...
LEASEHOLD
|
15
|
|
Nov
|
Carpetright agrees to shareholder takeover deal | BUSINESS SALE
Carpetright has agreed a deal to be taken over by its larges...
|
14
|
|
Nov
|
Scale manufacturer taken over in MBO | MBO/MBI
Weighing scale manufacturer Marsden Weighing Group has been ...
|
13
|
|
Nov
|
Brighton energy firm appoints administrators | ADMINISTRATION
Brighton-based utilities company Toto Energy has gone into a...
Sign up to receive our acquisition alert emails to get your FREE guide
|
15
|
|
Nov
|
Carpetright agrees to shareholder takeover deal | BUSINESS SALE
Carpetright has agreed a deal to be taken over by its larges...
|
14
|
|
Nov
|
Scale manufacturer taken over in MBO | MBO/MBI
Weighing scale manufacturer Marsden Weighing Group has been ...
|
13
|
|
Nov
|
Brighton energy firm appoints administrators | ADMINISTRATION
Brighton-based utilities company Toto Energy has gone into a...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources