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.
Home improvement business based in the home counties. This business has four different offerings that leverage off each other. Established 11 years ago its brand is well known and respected throughout the south east and London. Full succession plan...
A freehold MOT (class 4), servicing, repairs, tyres and exhausts operating from a light industrial premises measuring approx. 3,978 sqft and located on a residential road that is in a north Essex town centre.
The business, which has been established since 1952 and has operated under the same trusted ownership for 22 years is brought to market with a bonafide reason for sale.
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
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
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.