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.
Most firms set up ‘emergency’ Brexit task forces within hours of the ‘leave’ result announcement, but how are they responding now?
Manufacturer DMG Steelworkers has been sold out of administration in a pre-pack deal by insolvency and restructuring firm CVR Global
Three tax advisers have been arrested as part of a HMRC investigation into a suspected £132m tax fraud.
Lee De’ath and Richard Toone, partners at CVR Global, were appointed joint-administrators of Lexden Centre (Oxford) Limited, trading as Colchester English Study Centre (CESC), on 29 June 2016