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
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.