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
Fraser Nicol joins the firm from EY, bringing experience in cyber security, data analytics and business technology
Rowan Williams will be responsible for growing the firm’s presence in the Gatwick Diamond and across the south east
Kevin Humphreys joins the insolvency and restructuring firm from the National Crime Agency (NCA) Economic Crime Command
Ann Pomfret joins the Manchester office from BDO