Rapid growth on the cards for accountancy firm as it launches larger HQ

A Yorkshire accountancy firm is set to accelerate its growth after acquiring a new headquarters in Cleckheaton, following a six-figure cash injection from Lloyds Bank.

Shenward is a family-run firm, which has provided tax and business advice, auditing and HR and payroll services for more than 30 years.

As it has expanded, the company’s team has introduced a series of new professional services specialisms including PR, insurance, brokerage and finance, transforming the firm into a full multidisciplinary practice.

Following a series of new client wins, the business has opened the doors to its new 8,000 sq ft office in Summit House, at Woodland Park business park.

At four times the size of the company’s previous HQ, the Cleckheaton office provides open plan working spaces, with three client suites, and virtual office facilities for international clients and partners.

Purchased with the support of a six-figure loan from Lloyds Bank, the expansion is the largest in the firm’s history.

Sherad Dewedi, managing partner of Shenward, said: “This move is a huge milestone for us, allowing us to capitalise on the strong growth we have already achieved by continuing to recruit the best talent, and enhancing the range of services we can offer to our clients.

“We are committed to growing alongside our clients, working to mirror their ambitions and diversifying our offering to support their needs – and the move to Summit House gives us the tools to do just that.

“The support from Emma and the team at Lloyds Bank has been invaluable in helping us to pinpoint the perfect premises to support our expansion, and in setting us on a path to become the region’s professional services outfit of choice.”

Shenward’s 27 staff are involved in charity and community engagement initiatives across Leeds and Bradford, working with organisations including the Bradford Breakthrough, West & North Yorkshire Chamber of Commerce, and central government initiative ‘Inspired Neighbourhoods’, which supports local communities through collaboration with other organisations and partners.

Emma Heald, relationship manager at Lloyds Bank, said: “The team at Shenward are not only at the forefront of best practice accountancy and financial consultancy, but are truly embedded in their local community, helping to drive positive change for some of the region’s most disadvantaged people and workers.

“This latest expansion is testament to their drive and determination to become a true firm of choice, and we’re excited to continue working with the team in this next phase of their growth journey.”