Streets merges with Andrew Wright and Co

Streets Chartered Accountants has announced its merger with Andrew Wright and Co.

The merger has led to the establishment of Streets Andrew Wright Chartered Accountants.

The merger of Andrew Wright and Co follows on from a number of others with Streets over the last 18 months including practices in Colchester, Bristol and Banbury.

This, along with the opening of new offices in Burnley, Lancashire and Lichfield in the West Midlands as well as continued organic growth, has enabled the group to achieve revenue of £35m.

Looking ahead, with a number of further mergers and acquisitions in the pipeline which include further practices across Yorkshire, Streets stated that it is on track to achieve its target revenue of £40m by the end of the year.

Sally Wright, managing director at Andrew Wright and Co, said: “Fellow director Richard Farndale and I are delighted and excited about the merger. Our practice was founded in 1975 by my father Andrew Wright and over the years the practice has grown based on our reputation and the demands of clients in and around Wakefield.

“As with any business we cannot stand still and to overcome the challenges we and our clients face we need to develop our business. We looked for some time to find a perfect partner to support us and one with which we mutually share the same values and we believe we have found that in Streets. Certainly, there is a great match, both in terms of client focus and cultural fit.”

He added: “Now that Andrew Wright and Co is part of a larger practice, we can confidently promise greater continuity of service to our clients and improved career prospects for our team, as well as to those looking to enter the profession and new roles locally.

Paul Tutin, managing partner at Streets, concluded: “With Streets’ long established office in Hull it seemed a logical move to look for further practices across greater Yorkshire as we are keen to establish the firm as a leading player across the region.

“We were therefore delighted to enter into a conversation with Andrew Wright & Co. Very early on in our discussions it was clear that we shared the same vision and values for the profession and for supporting our clients. We are really looking forward to working with Sally and Richard to grow the practice and to further establish it as a pre-eminent accountancy, business and tax advisory firm servicing the needs of businesses and individuals across West Yorkshire.”