Posted on 1st June 2016
Kreston Reeves and Spofforths have merged
Kreston Reeves and Spofforths have merged with effect from 1 June 2016, creating one of the largest accountancy and financial advisory firms in the South East from two of its longest established practices.
The firm now has 50 partners and more than 450 staff, spread across 10 locations in London and the South East. Kreston Reeves’ Management Board includes Nigel Fright as Managing Partner, Andrew Griggs as Senior Partner, Clive Stevens, the firm’s existing Chairman and David Hurst, Partner and Managing Director of Kreston Reeves Financial Planning. They will be joined by Richard Spofforth and Bryan Elkins from Spofforths on the board of the wider firm.
The merger will result in a new firm with greater breadth and depth to meet clients’ needs, right across the spectrum from business advisory, through to tax and audit, to wealth management. It will also provide a stronger base upon which to develop a range of new services to meet changing business needs.
Nigel Fright, Managing Partner of Kreston Reeves, said:
“We are delighted to confirm the legal completion of this merger, effective today (1 June). Spofforths is a successful firm that shares our values and strong personal commitment to clients. By joining forces with a firm very similar to us in outlook, culture and ambition, we’ll be creating an organisation that will further enhance the services and expertise we are able to offer our clients as well as presenting further opportunities for all our people.
While our cultures, client and sector focus are well aligned, the hard work of business integration starts now; our collective firm and teams will be working together on evaluating the best of both firms, combining our respective strengths to fully integrate our people, systems and processes over the next few months. As the firm expands further we will be moving towards a more regionalised management structure across London and the South East”.
Richard Spofforth, said;
“We’re delighted to be part of Kreston Reeves and are already working on integrating our teams. Spofforths has been a respected name in Sussex for accounting, business and financial advice over many years, so we will be using a transitional period to combine the strengths of each firm, across all our locations, in a way which looks after the best interests of clients and staff.
We are all looking forward to building a strong firm for the future that operates as an integrated Kreston Reeves – and which responds to all the changes going into 2017 and beyond”.
"This association was started with a lot of effort from a few local businessmen and has proved to be a very powerful and useful tool for our business. The BHBPA has influence at the top level; when action is needed, the BHBPA gets it done. We are kept in touch with all that is happening on our doorstep and will often act because of what is published in the weekly emails / newsletters."
"The BHBPA is an energetic and vocal organisation that connects and empowers and informs the local business community acting as an effective conduit to local authority and other organisations. We are proud to be part of that community and the association."
"“I can’t speak highly enough of the BHBPA. As a small local business we feel very much part of a community and thoroughly enjoy the annual exhibition and meetings throughout the year. Over the years we have built fantastic working relationships with many BHBPA members and every meeting and event offers us opportunities to work with more. This is networking at its best! ” "
"Since joining BHBPA we have found it to be a dynamic and vibrant members’ organisation, with excellent, regular and informative meetings.
Peter Liddell does a first class job in ensuring that members’ interests are aired and addressed.