PracticeAccounting FirmsPrice Bailey grows revenues in new deal

Price Bailey grows revenues in new deal

East Anglian firm Price Bailey has swallowed up Ely-based Stephenson Davies in adeal that will push its fee income for the coming year over £10m.

The four partners of Stephenson Davies, which also has offices in March andNewmarket, will become Price Bailey partners, increasing the number ofpartners at the firm to 27.

Despite the difference in the size of the firms, a spokeswoman insisted thedeal was a merger rather than a takeover. She also said the name StephensonDavies would not die completely, but continue to be used, along with PriceBailey, at its Ely and March offices.

Trevor Smith, managing partner of Stephenson Davies, said: ‘Although we havealways been able to offer excellent cores services such as audit, accountancy and tax compliance, it has been more difficult to provide the additional services that our clients have come to expect.’

Price Bailey took over Walkers of North London last year and now has 11offices across the East of England.

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

18h Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin