Following the merger of Spofforths and Kreston Reeves in June 2016, Spofforths will trade as Kreston Reeves from January 2017.
Since the merger, the new organisation has been combining the best of both former firms - successfully integrating people, systems and processes. The rebranding of Spofforths marks the next stage of the process to ensure a smooth transition for clients, partners and staff that began when the merger was announced in March 2016.
The combined practice creates one of the largest, most experienced accountancy and business advisory services firms in the South-East. Kreston Reeves has grown significantly in recent years and with the addition of Spofforths, the firm now has over 50 Partners and more than 450 staff in 10 locations across London, Kent and Sussex. The combined new firm has a turnover exceeding £30 million, ranking it among the top 25 accountancy and business advisory services in the UK.
Nigel Fright, Managing Partner of Kreston Reeves, comments: “We are delighted to progress to this significant milestone and we are proud that we have achieved it working with partners who share our business values and are committed to retaining the level of expertise and service that all our business and personal clients expect. This added depth of resource and breadth of service also enables us to expand our international reach.”
Richard Spofforth, formerly Managing Partner of Spofforths and now a member of the Management Board and leadership team at Kreston Reeves, said: “Although the Spofforths name will change, the values, expertise and commitment the firm has always represented will not. This merger builds one firm for the future and, importantly, one which respects both of our particularly deep connections to the interests of those who entrust their financial affairs to us.”
The firm will continue to service the needs of entrepreneurial and growing businesses, and the needs of individuals. The comprehensive range of services available to clients includes traditional accountancy, Audit and Assurance, Forensic Accounting and Litigation support, Business and Share Valuations, International tax, VAT and Duty, Restructuring and Corporate Finance among others. There is particular focus on key sectors which include academies and education, agriculture, charities, financial services, life sciences, manufacturing, private wealth, professional practices, property and construction and technology.