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 ".
Pictured: top left to right – David Hurst, Partner and Managing Director of Kreston Reeves Financial Planning and Andrew Griggs, Senior Partner. Bottom left to right – Bryan Elkins, Tax Partner, Nigel Fright, Managing Partner, Richard Spofforth, Regional Sussex Partner and Clive Stevens, Chairman of Kreston Reeves.