TWO big M40 corridor firms have merged. Banbury-based Whitley Stimpson and Bicester-based Baxter Payne & Haigh have brought together their three offices, 14 directors and 67 staff.
The Whitley Stimpson Banbury and High Wycombe offices will retain their existing name but under a new limited company structure, and the Bicester office will be known as BPH Whitley Stimpson. No consideration was paid in the merger agreement.
"The merger is a meeting of minds in both business and cultural terms with the crossover in practice areas making Baxter Payne & Haigh the perfect fit," said Malcolm Higgs, director at Whitley Stimpson. "I am confident that by coming together we will be creating a firm with a wider portfolio of services."
Stephen Payne, director, BPH Whitley Stimpson said: "Whitley Stimpson has a rich heritage and shares our approach to business. We have always ensured the firm's growth is built on integrity, objectivity and technical excellence with an emphasis on providing strategic advice that will benefit our clients' bottom line."
Whitley Stimpson has provided financial advice to businesses and individuals for more than 80 years, and extended its services into Buckinghamshire in 2010 following a merger with Hale Partnership - based in High Wycombe.
The latest merger pushes the firm into Oxford and along the M40 corridor. In addition to traditional accountancy services the new practice specialises in agriculture, medical and academy schools.
You may also like
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources.