Accountancy practice merges with Oxfordshire rival

(L-R): Nathan Bignell, Paul Tutin and Doug Eadie

Streets Chartered Accountants, the Lincoln-based accountancy practice, has merged with Oxfordshire counterpart Eadie Young.

The combined practices will trade as Streets Eadie Young Chartered Accountants, led by MD Nathan Bignell, a director at the Banbury firm.

Streets’ dedicated corporate and commercial law division Streets Law carried out due diligence on the deal and drafted the sale and purchase agreement.

Spratt Endicott Solicitors acted for Eadie Young.

Streets is also eyeing further mergers with like-minded firms as it looks to become a top 20 UK practice by 2030.

Doug Eadie, a director of the combined company, said: “This combination is a great match, both in terms of client focus and cultural fit. Now that Eadie Young is part of a larger practice we can confidently promise greater continuity of service to our clients and improved career prospects for our team.

“We also believe that our clients will benefit in that the combined firm will be able to offer a wider range of services including areas of specialist corporate and private client tax planning, international advice and personal financial planning.”

Nathan Bignell said: “This is an exciting change and supports the rapid growth we have seen as a firm over the past decade. We are now able to offer a much-enhanced service to both existing and potential clients whilst still being able to provide the personal, responsive assistance our clients require, essential in any modern practice.”

Streets’ chairman and managing partner Paul Tutin said: “With Streets’ existing offices across eastern and central England we have been looking to establish a presence in Oxfordshire. With our presence now in Oxfordshire along with existing offices in Cambridgeshire, Northamptonshire and Bedfordshire we are very much part of the Oxford-Cambridge Arc.”

“Whilst we considered opening a new office in the county, we really wanted to join up with another like-minded firm”, Tutin added.

“We were therefore delighted to enter into a conversation with Eadie Young. Very early on in our discussions it was clear that we shared the same vision and values for the profession and for supporting our clients.

“By coming together both Eadie Young and ourselves will be able to capitalise on our respective expertise and will be better placed to grow, develop and support the needs of both existing and future clients. We also feel that the merger brings exciting opportunities for our team members and for new recruits who can join a progressive and expanding practice. With the Streets Eadie Young office in Banbury, we now have 20 offices from Manchester in the north to Brighton in the south.”

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