Fast-growing accountancy practice swoops for Leicestershire rival
A Leicester-based accountancy practice has announced its first acquisition after doubling in size every year since its inception.
BGS Accounting, which was formed just 4 years ago, has snapped up Syston accountants Thakkar and Co.
BGS will gain 100 new clients and grow by a further 50 percent as a result of the acquisition.
The fast-growing firm was founded by ACCA qualified accountants Bhavesh Shah and Gurbinder Singh in 2018. It currently employs a team of 8 people.
Pattersons Commercial Law advised BGS on the deal.
BGS director Bhavesh Shah said: “I am delighted to announce that BGS Accounting Ltd acquired Thakkar and Co on 5 May. This is a massive milestone for BGS. We have gone from forming the company and hot desking in 2018 to acquiring a practice and growing the business to 8 staff. I am truly humbled by our experience over the past 4 years. A massive thankyou to Pattersons Commercial Law for their great legal work and advice, and to Jay Nandha for the incredible pictures at short notice.”