A Yorkshire accountancy firm has acquired a Merseyside company and announced major growth plans for East Yorkshire.
Leeds-based Northern Accountants has bought Birkenhead-based TAC Accountants – a property and construction specialist with 167 clients – for an undisclosed sum. Meanwhile the company has appointed a new director in Hull and expanded its Leeds office.
TAC founder Ben Thexton will become a director at Northern and all staff at TAC, which turns over some £250,000 annually, will be retained. Northern aims to build on TAC's links with the property and construction sectors to grow further in Merseyside.
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Northern Accountants' founder and managing director, Phil Ellerby, said: "We don’t currently have any clients in Liverpool, but as a business we have a personal affinity to the area, and we perform well in TAC’s key sectors. So, when Ben started talking to us about the sale of his company – as part of his three-year plan – conversations quickly gathered pace.
“He now has the brand and infrastructure around him – supported by our HQ team in Leeds – to grow the business in Liverpool. As a practice, Northern Accountants is renowned for the level of service delivered to clients – in fact, we’ve won multiple national awards for the transformational change we’ve implemented – and with Ben’s help, we want to become a leading name in this city too.”
In Hull, Northern has appointed Ricky Field as director. He will work with two Hull-based Northern Accountants colleagues and they will ultimately move to the Beverley Enterprise Centre.
Mr Field joins from cbaSadofskys Chartered Accountants in Hull, where he has worked for 23 years and became a partner in 2009.
Mr Ellerby said: "The accountancy service provision in Hull is more reactive, than it is proactive. Consequently, there’s a huge gap in the market for a practice that helps clients run their finance functions in the best, most efficient way possible, to fuel company growth.
"While Hull doesn’t represent a new geographical location for us, Ricky’s appointment will really bolster our growth plans here. Plus, I’m a Hull lad myself, so there’s something particularly special about developing our presence in my hometown.”
In Leeds, Northern Accountants has doubled its footprint with the acquisition of a second office space on Howley Park Business Village.
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