BDO team joins rival firm
THE Business Services team from accountants BDO Stoy Hayward in Yorkshire has been acquired by rival firm Bartfields.
Leeds-based Bartfields Chartered Accountants have acquired the team for an undisclosed sum.
The deal includes a core team of experienced staff covering members of the Accounts and Tax team at BDO, which is based at Bridgewater Place in Leeds and which decided on the sale after the retirement of experienced partners Graham Berks and Richard Brown.
Gavin Bell a senior partner at Bartfields said: “The acquisition of the Business Services team was key to helping us enhance the service we already provide to our clients and allows us to offer our new and existing clients more specialist services to help them become more successful and profitable by using our skills with numbers to proactively help them measure and improve everything that really matters to them and their businesses.”
“I would also like to thank BDO for their assistance in making this deal happen and through our negotiations they have been extremely supportive and we are looking to develop an ongoing relationship with them moving forward to give all our clients best service.”
Ian Beaumont, managing partner at BDO Stoy Hayward’s Leeds office said: “Over the last year, Graham Berks and Richard Brown, the key partners who ran this part of our business have retired from the firm. Without a partner to drive forward this part of our business, we concluded that it was more appropriate to look to sell it to a firm specialising in this area.
“Bartfields is a great firm and has an excellent reputation and a proven track record in this area of business. This sale will not only deliver a more focused and specialist service to our clients but will also enhance the career development opportunities for our staff who are joining Bartfields. I wish them all the very best for the future.”
Bartfields was established more than 80 years ago and specialises in advising growing small and medium sized firms.
Last November it sold its insolvency and corporate recovery arm to Begbies Traynor Group.
The deal saw a 16-strong team from the Leeds-based firm, led by former Leeds United chairman Gerald Krasner and fellow directors Dave Hodgson and Sue Cameron, join BTG, which was founded in 1989 and is the UK’s largest independent practice of corporate rescue and recovery specialists.
