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Scottish accountancy firm, EQ has announced a merger with Grangemouth based firm Yates and Co, marking its second deal in two months following its merger with Douglas Home and Co last month.
It is the first deal as part of Sumer Group which has plans to become the UK’s leading SME national practice.
Yates and Co’s rebrand brings EQ’s total locations to 11 offices, across Scotland and into Northern England, with 222 staff providing a range of accounts, taxation, business advisory and support services.
Established by David Yates in 1994, Yates and Co has developed a strong reputation in Central Scotland and beyond, particularly for its specialist knowledge of the construction, engineering, retail and IR35 sectors.
EQ joined the Sumer Group earlier this year, providing the funds to execute an “ambitious’ growth plan to triple turnover from £11m to £30m.
Craig Nicol, CEO at EQ Accountants, said: “We’ve been considered in our growth strategy, carefully selecting firms in key locations that share EQ’s ethos and approach. The team at Yates & Co embody unwavering commitment to their people and client service, aligning perfectly with our values and standards.EQ has built a very strong reputation in the East of Scotland and we’re looking forward to building on that reputation and our reach into Central Scotland as our teams become stronger with Yates and Co.
“However, it’s not just our geographical reach – the prospect of new opportunities is incredibly exciting. Yates and Co’s extensive experience in biosciences is particularly appealing as we seek to broaden our expertise into additional sectors.”
David Yates, MD at Yates and Co. said: “With three decades of industry experience, Yates and Co has built an incredibly strong client base and so it was crucial to us that any potential merger was with a firm that both our own team and our clients could trust completely. We’ve entered this partnership with great enthusiasm about new opportunities, building on our commitment to always offer our clients the best possible advice and service.”
