Swindon-based firms merge to create £2m turnover firm
British Accountancy Awards finalist BHG merges with Swindon-based practice
British Accountancy Awards finalist BHG merges with Swindon-based practice
TWO FIRMS of accountants in Swindon are merging in a bid to become the top practice in the area.
Banks, based in Swindon, and BHG, of nearby Shrivenham, will join forces on 30 June to create a firm with three directors, 30 staff and a turnover of more than £2m.
The company – to be called Banks BHG Chartered Accountants – will operate from Banks’ offices and be headed up by Banks directors Richard Mathews and Neil Elsden, along with BHG founder Bernard Harrington.
All staff from Shrivenham will move across to Swindon, and the Shrivenham office will close.
BHG brings expertise in insolvency and business turnaround, while Banks has a well-established payroll and bookkeeping service, the firms said in a joint press release.
“By joining forces we can offer a better, more comprehensive service to both our clients and BHG’s,” said Richard Mathews.
BHG was founded by Harrington in 1999, specialising in advising small and medium-sized owner-managed businesses and private wealth clients. Last year it was a finalist in the British Accountancy Awards.
Harrington said: “Banks shares our dynamism and philosophy, so the two firms make an excellent fit. As well as this, we have specialisms in different areas, which means we can give our clients access to a greater range of services, and the same is true for Banks’ clients.”
Picture (l-r): Neil Elsden, Bernard Harrington and Richard Mathews
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceFor senior professionals within the accounting sector, this framework serves as a compass to navigating the early stages of M&A process Read More...
View articleThe expansion boosts Cooper Parry’s workforce to 1,150 employees and increases its turnover to £125 million Read More...
View articleOffering a broad range of advisory services, alongside core audit provision, is the key to achieving strong market position, according to a number of...
View articleData from Accountancy Age’s inaugural Mid-Tier Power Index (MTPI) shows firms are winning business from larger rivals by championing employee and clie...
View articleThe UK job market could shrink by 30% in the next decade due to automation , new research suggests Read More...
View articleLeaders at mid-tier firms maintain they can compete with the Big Six on Read More...
View articleReferrals may not be the most fruitful source of new business anymore, experts say Read More...
View articleOffering more services is helping firms overcome challenging financial conditions Read More...
View article