The Truro-based firm were approached by A.S Herd and Co and Accountant Cornwall Ltd who recently retired from the world of accountancy with a view to taking care of their clients’ future accountancy needs.
Laura Whyte, managing director at Whyfield, said: “We’re fully committed to supporting businesses in Cornwall so we were delighted to be considered by A.S Herd and Co and Accountant Cornwall given their great reputation, to see if we can support the needs of their loyal clients.
“These acquisitions have presented a fantastic opportunity for us to further grow our firm at a time where we are streamlining processes for clients and recruiting more local talent, so the timing was perfect.”
The firm has successfully expanded its client base to over 800 with 50% growth over the past 12 months. In that time Whyfield was also the first firm in the south west to be invited on to HM Treasury’s Women in Finance Charter; won an International Association of Bookkeepers mentoring award at the Houses of Parliament and named as Business Leader of the Year at the Cornwall Business Awards.
Alan Herd, proprietor of A.S. Herd & Co, said: “Whyfield is an award-winning firm with a wealth of knowledge in cloud accounting which our clients will increasingly need in the years ahead. I wish them all the very best.”
Geoff Pym of Accountant Cornwall added: “I’m really pleased that Whyfield will be able to offer its services to our clients. As a firm which is growing both locally and responsibly, I am very confident they will be in good hands.”
The acquisitions were completed with legal support from Nalders LLP.