Bishop Fleming acquires Whyatt Pakeman
Acquisition sees a partner and 13 staff move to Bishop Fleming's Bristol office in Queen Square
BISHOP FLEMING, the £17.5m turnover Top 40 firm is kicking off 2016 in some style having acquired a Bristol-based accountancy practice and securing a placing in the Sunday Times “Top 100 Best Companies to Work For” list.
The acquisition of Whyatt Pakeman, previously a local competitor to the firm, sees a partner and 13 staff moving from its Clifton premises to Bishop Fleming’s Bristol office in Queen Square.
Bishop Fleming’s Bristol-based managing partner, Matthew Lee, said: “Our ethos of nurturing our own people has been amply rewarded by successive monitoring by ‘Investors in People’, ‘Investors in Customers’, and now the Sunday Times ‘Top 100 best companies to work for’.
“We’ll extend that ethos to everyone who now joins us from Whyatt Pakeman.
“That is a well established firm with a great reputation, and they are a perfect fit with our Bristol office team. They share our determination to deliver superb service to owner managed businesses.
“This move sees our Bristol office become the city’s biggest independent accountancy operation, with 6 partners and 61 staff”, said Lee.
With offices in Bath, Bristol, Exeter, Plymouth, Torquay, Truro, and Worcester, the acquisition of Whyatt Pakeman expands the firm’s partnership to 29 and increases its staff to 310.
Bishop Fleming added 80 new staff to its roster which combined with a 5% uplift in turnover, helped it to 36th place in the Accountancy Age Top 50.
“Our primary focus, and success, is centred on organic growth at each of our offices, but we are alert to the opportunities for suitable mergers and acquisitions to bolster that growth plan”, said Lee.