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.