EAST ANGLIAN accountancy firms Aston Shaw and Morgan Woods are set to merge next month, in an attempt to galvanise growth.
The newly-formed business, which will continue to use the Aston Shaw name, will operate five offices throughout the region and will be jointly headed by Morgan Woods managing director Mark Noakes and Aston Shaw director Dominic Shaw.
It is expected the merger will be completed within three months. A full range of business and individual service lines will be available across five regional offices, which will employ 70 staff.
The merger has been driven by “the changing nature of the industry” and aims to capitalise on the growth seen by both firms in the last year, Aston Shaw said in a statement. Clients will be “the real beneficiaries of this merger”, Noakes said.
Shaw added: “Our combined expertise will make the amalgamated firm well equipped to provide companies and individuals with the highest level of service.”
The 2014 Accountancy Age Top 50+50 survey recently revealed increasing fee incomes for the top 100 firms in the country, as the industry positions itself to make the most of improving economic conditions.
The Middle East arm of Deloitte and Touche is being sued by a Dubai-based investment group after it failed to spot money laundering at a now defunct Lebanese bank
Smith & Williamson has named Grant Hotson as group finance director
PwC’s UK risk assurance practice is on track to recruit more than 1,000 technology specialists over the next four years to meet increasing client demand for digital, regulatory and cyber security services
Cowgill Holloway Business Recovery has concluded the sale of assets of film distributor Metrodome to independent movie distributor 101 Films following appointment as administrators