Price Bailey expands governance board with new appointments

Price Bailey has announced the expansion of its governance board as part of a strategic restructuring of its leadership team. 

The board, which oversees Price Bailey LLP and Price Bailey Group, has been increased to eight members to include a broader range of professional expertise.

Chand Chudasama has been appointed as chair, succeeding Howard Sears who held the position for 12 years. Sears, who served on the board for more than two decades, will remain with the firm as head of business advisory.

The newly formed board includes managing director Martin Clapson and finance director Paul Cullen. 

They are joined by Richard Vass, head of audit and assurance; Catherine Hardinge, head of compliance; Nadia Khan, head of HR; Richard Grimster, head of tax; and Simon Blake, who leads acquisitions.

The firm was established in 1938 and remains one of the largest partner-owned independent accountancy practices in the UK. 

The restructuring follows a period of growth that has seen the business maintain its position within the top 50 accountancy firms nationally.

Clapson said: “As one of the largest remaining independent firms in the UK owned by the partners, having a strong governance board who understand culture, technology, regulatory requirements and delivering fantastic outcomes for clients is critical.

“The firm has a fantastic opportunity to combine this understanding to meet the challenges and opportunities of the future. We are one of the fastest organically growing top 50 accountancy firms and are well set up to guide clients successfully through the future.”

Chudasama added: “Howard was an excellent chair for many years, and alongside Martin, they oversaw major growth and change. Prior to Howard is a line of chairs including the family link to Richard Price who connect the firm back through nearly 90 years of history.

“We can take on that future powered by a very capable partner team, fantastic staff, a meaningful history and strong foundations.”