Chartered accountancy firm and tax advisers BKL, has announced the acquisition of accounting firm, Green and Purple.
The move has been driven by demand from BKL’s clients for “strategic, commercially minded business advice.”
Green and Purple was founded in 2010 and specialises in chief financial officer (CFO) led virtual finance office solutions. The acquisition will offer BKL cloud-based accounting which will enable clients to make “data-driven decisions in real time” as well as offering services such as management, accounting, credit control and cash flow modelling.
The accounting firms will be operating from offices in London and Cambridge, with 14 staff members and three boards directors joining BLK from Green and Purple.
Pete Carter, founding director at Green and Purple, said: “Having worked alongside BKL on various projects and clients in the past, we’ve increasingly seen how complementary our offerings are.
“Coming together now with BKL gives Green and Purple and its clients access to a broader range of tax, compliance and technical expertise than ever before, and enables BKL to offer a real-time, bespoke and advisory-based finance function to theirs.”
He added: “The growth opportunities arising from the combination are really exciting, and we’re looking forward to getting to meeting BKL colleagues and clients alike.”
Dominic Anthony, partner at BKL,added: “Green and Purple believe being part of the client’s business helps deliver the biggest impact and this has always been our approach too.
“By formalising our relationship, and by continuing to pool our experience, we’ll be able to make an even greater difference to SMEs and entrepreneurs: meeting their demand for CFO expertise and helping them explore new opportunities.”