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Moore Kingston Smith announces merger with hospitality firm WMT

The merger bolsters Moore Kingston Smith’s growing leisure, hospitality and travel group which provides a range of accounting and advisory services for businesses of all sizes, from start-ups to large private and public companies

Moore Kingston Smith LLP has announced that specialist hospitality firm, WMT, and its subsidiary WMT Troncmaster Services, have joined its St Albans team.  

The merger bolsters Moore Kingston Smith’s growing leisure, hospitality and travel group which provides a range of accounting and advisory services for businesses of all sizes, from start-ups to large private and public companies 

WMT’s six partners and 78 people will join Moore Kingston Smith’s St Albans team, with clients benefitting from the firm’s range of services and solutions, and teams enjoying the enhanced career development and progression opportunities that a growing organisation of its size, with strong business support functions, offers.

WMT works with around 350 hospitality organisations operating over 1,000 sites across the UK, particularly in and around London. Clients include high-street brands, independent restaurants, pub groups, bars, casinos, hotels and fine dining restaurants including some of the country’s leading Michelin-starred restaurants.

The firm is widely recognised as the sector’s original and leading provider of advice, implementation and management of ethical tronc schemes (the distribution of tips, gratuities and service charges) through WMT Troncmaster Services Ltd, a subsidiary providing outsourced Troncmaster services, led by partner, Peter Davies. 

Through its TroncBox software solution and smartphone app, WMT’s clients are well-placed to cope with the challenges of the forthcoming tips legislation, and the TroncBox platform has delivered more than £13m to over 12,000 hospitality workers. 

Matt Meadows, managing partner of Moore Kingston Smith, said: “Joining forces with WMT’s highly skilled team combines our collective strengths, solutions and expertise, supercharging our shared commitment to championing those operating in the hospitality space, and supporting the ambitions of our clients and people. Uniting is a real win for our clients, particularly with the forthcoming changes the Employment (Allocation of Tips) Act 2023 will bring.”

Peter Davies, partner and managing director of WMT Troncmaster Services said: “Our clients have always been at the heart of everything we do. Moore Kingston Smith shares that ethos and commitment to being a leading provider of support to the hospitality sector. 

“Continuing to enjoy the expertise and support of our current team, our clients will further benefit from the services and solutions that the wider Moore Kingston Smith team provides to help grow and improve their systems, their businesses and their teams.”  

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