Fri, 13 Dec 2024 | MERGER
Streets Chartered Accountants has continued its nationwide expansion by merging with a firm that dates back a century.
Accountants Dyke Ruscoe, which was established around the late 1920s, operates in Ludlow, Tenbury Wells and Craven Arms. It will now be known as Streets Dyke Ruscoe.
Streets Chartered Accountants operates from offices across the UK and employs more than 400 people.
Carl Davies, director of Streets Dyke Ruscoe based in its Ludlow office, said: "Whilst we operate within the West Midlands and the Welsh Marches area, we recognised the opportunity to grow the practice into Wales and across the West Midlands. In part, the barrier to our growth has been our size and structure. We therefore had to become part of something bigger.”
He added that the Streets philosophy and outlook was similar to its and “they were keen to retain our sense of being a part of the local community and standing, something that has been established over the years”.
It was also important, he said, for the company to continue to be able to provide its services in a relatively unchanged environment with the same team working with customers. It is, however, also adding new services such as audits through Streets dedicated team.
"In an increasingly competitive market and with growing client needs we are pleased to be able to offer a greater breadth of services through joining up with Streets. These include more specialisms such as personal and corporate tax advice and banking and finance, along with other services we have historically had to outsource,” he said.
Streets managing partner Paul Tutin said: "Whilst this year has seen our significant growth come about through the merger of firms located in Yorkshire, the East of England and the South West we are particularly pleased to have ventured further into the West Midlands. This is in keeping with our strategic intent to be a truly national and even UK practice.”
He said Streets offers firms a strong option when looking to merge or sell.
"We continue to find that firms we talk to and that merge with us like our approach which is very different to the private equity led deals, as we seek to build on the success of the existing practice and empower individuals to drive and lead on their future growth and success,” he said.
Find out more about another recent Streets merger deal
Discover a highly distinctive mortgage network with approximately 110 advisers and an impressive growth model attracting 30-40 new advisers annually.
This is an exclusive opportunity to acquire a South Wales IFA business with substantial assets under management, offering a stable, recurring income stream.
A unique opportunity to acquire a directly authorised IFA firm in the South East with strong recurring revenue streams.
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