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 average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal