Merger helps professional services firm build stronger regional presence
Professional services firm, Streets Chartered Accountants, has confirmed the establishment of Streets Spenser Wilson Chartered Accountants.
It follows the merger of the Halifax firm, Spenser Wilson with Lincoln-headquartered multi-regional practice, Streets Chartered Accountants.
This latest merger is one of more than five completed by Streets in the last six months and has seen the practice grow. It now has more than 27 offices and a fee income over £39m.
Chris Yewdall, partner at Spenser Wilson Chartered Accountants, said: “Myself and fellow partners Andrea Kennedy, Liz Short and Sally Shacklock are pleased to announce our merger with Streets and excited about the future for our team and our clients.
“The firm was founded in 1919 and over the years has grown into one of the leading accountancy firms in the town and wider region.
“To move Spenser Wilson forward and provide our clients with a greater level of service we looked for some time to find a perfect partner to support us.
“We chose Streets because of the shared philosophy of providing a valuable, personal, and partner led service for clients covering all areas of expertise. In addition, we wished to retain some independence and investment in the existing business.
“Now that Spenser Wilson is part of a larger practice, we can promise greater continuity of service to our clients and improved career prospects for our team, as well as our ability to attract new recruits.
“We also believe our clients will benefit, in that the combined firm will be able to offer a wider range of services, some of which we previously sourced externally.
“The merger should enhance our position in Halifax and beyond Calderdale and into West Yorkshire and help to form a strong Northern presence within Streets coupled with the existing Wakefield, Hull, Preston and Burnley offices along with any other firms joining us in future.”
Streets managing partner, Paul Tutin, added: “The merger of Spenser Wilson Chartered Accountants & Business Advisers is the latest in line with our plans to expand our geographical coverage and provides us a stronger presence across Yorkshire, following the recent merger of the Wakefield practice of Andrew Wright & Co and our long-standing office in Hull.
“We are really looking forward to working with Chris, Liz, Andrea and Sally to grow the practice and to further establish it as a pre-eminent accountancy, business and tax advisory firm servicing the needs of businesses and individuals across Yorkshire.
“Looking ahead with a number of further mergers and acquisitions in the pipeline, which include a number of practices across the UK, we are on track to achieve our target revenue of £40m by the end of the year.
“The profession is going through significant consolidation with heightened levels of merger and acquisition.”
Streets Law, the firm’s dedicated corporate and commercial law offering led by managing director and solicitor, Adam Aisthorpe, undertook the legal work on behalf of Streets for the merger.
