East and West unite in accountancy merger

A Lincolnshire accountancy firm has merged with a Shropshire and Worcestershire practice.

Streets Chartered Accountants has launched Streets Dyke Ruscoe Limited following its merger with Dyke Ruscoe Chartered Certified Accountants.

The merger strengthens Streets’ presence in the West Midlands, with Dyke Ruscoe’s offices in Shropshire and Worcestershire, near the Welsh border.

Streets managing partner, Paul Tutin, said: “We are delighted to have Carl Davies along with fellow directors Brydie Prime and Charlotte Beamond and their colleagues join the practice. It is especially pleasing to see and experience the mutual benefits and synergy to be had through firms like ours coming together.

“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.

“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.”

Davies, said: “Dyke Ruscoe was established around the late 1920’s and has since been a local presence in Ludlow, Tenbury Wells and Craven Arms. As part of our own succession and growth strategy, we have for some time been considering options for the future. 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.

“We are delighted to have merged with Streets. Whilst we considered several options, we believe that we have found our perfect partner. The Street’s philosophy and outlook are similar to ours 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 for us to continue to be able to provide our services in a relatively unchanged environment with the same great team engaging with our clients.”