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Today’s news in brief – 26/9/2024

Azets is launching a wealth management service in Yorkshire, led by experienced financial planners Matt Knott, Tom Lester, and Andy Kilby. The service will cater to private clients and business owners across the region, leveraging Azets’ national expertise in financial planning. Targeting businesses with a £2.5m to £6m turnover for acquisition, the firm aims to build a leading wealth management hub tailored to Yorkshire’s needs. The new service complements Azets’ private client tax offerings, drawing on its broader UK-wide capabilities. The wealth management sector currently manages £1.65tn in private savings, employing over 63,000 people.

The Octagon Theatre in Bolton has appointed Cowgills as its new auditor and business advisor. Established in the 1960s and reopening in May 2021 after a major redevelopment, the theatre chose Cowgills through a tender process. Both institutions share strong local roots, and Cowgills will provide not only auditing services but also business advice to help the theatre grow and thrive. Nilesh Modhvadia of Cowgills expressed excitement about the partnership, and Octagon CEO Roddy Gauld emphasised the importance of supporting local businesses to ensure the theatre’s continued success and development.

LB Group has welcomed 10 new apprentices to its 2024/25 intake, who will work across its departments, including tax, audit, and business advisory. The apprentices will pursue professional qualifications such as ACA, ACCA, and AAT, contributing to the firm’s track record of helping over 60 apprentices achieve their accountancy qualifications in the past three years. New apprentice Abhay Patel praised LB Group’s supportive work culture, and HR manager Clare Wilson highlighted the firm’s commitment to nurturing young talent. The firm aims to integrate apprentices into its business and help them succeed in their careers.

Sumer has launched Sumer Agriculture, a service line supporting farmers, landowners, and rural agricultural businesses. The service brings together five regional practices—Carpenter Box, EQ Chartered Accountants, Monahans, RMT Accountants, and Scrutton Bland—to address increasing agricultural-related inquiries. CEO Warren Mead highlighted the sector’s slow adoption of modern technology and expertise, emphasising Sumer’s commitment to helping farmers navigate challenges like high costs, labour shortages, and sustainability pressures. Mark Smeaton of EQ Accountants noted that specialised financial support is crucial for the agricultural industry, ensuring that British farming remains sustainable and productive.

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