Accountancy firm’s acquisition moves it into East Midlands

Rugby-based Magma Chartered Accountants has expanded into the East Midlands after buying a Leicester firm.

Clear & Lane Chartered Accountants will become part of the Magma Group with partners David Hope, Ian Hunt and Jim Reece staying in the newly-combined business, and colleagues Luke Turner and Paul Orton joining the Magma partnership team.

The move is part of Magma Group’s drive to expand its Midlands footprint and network.

Magma Group managing partner Mark Tuckwell said: “With nine partners, all under 45 years of age, we are committed to building a dynamic and forward-thinking firm. Both Magma and Clear & Lane share a real passion for providing ‘big firm’ expertise, without compromising client service and value, making this a really exciting synergy.

“We’re greatly looking forward to combining the strengths of the two fantastic teams in Leicester and Rugby, expanding our local and national network and vast capabilities. And ultimately, delivering the very best for our clients”.

Clear & Lane’s managing partner David Hope added: “We are very excited to be teaming up with a strong group of advisors at Magma.

“Our principal objective is to ensure that our clients continue to receive a high quality service, but enhanced by the broader range of services that Magma are able to provide and therefore add value to the expanded Group’s offering.”