Streets announces merger with Spenser Wilson

Streets has announced the establishment of Streets Spenser Wilson Chartered Accountants and Business Advisers following the merger with Halifax firm Spenser Wilson.

This latest merger is one of more than five that the firm has completed in the last six months and has seen its practice grow, now with more than 27 offices and fee income over £39m.

When asked about the merger, Chris Yewdall, partner at Spenser Wilson Chartered Accountants and Business Advisers, said: “Myself and fellow partners Andrea Kennedy, Liz Short and Sally Shacklock are delighted to announce our merger with Streets and excited about the future for our team and our clients as we move forwards as part of the wider Streets team. 

“As with any business we cannot stand still and to move Spenser Wilson forward and provide our clients with a greater level of service we looked for some time to find a perfect partner to support us and one with whom we share mutual values. We chose Streets because of the shared philosophy of providing a valuable, personal, and partner led service for clients covering all areas of expertise.”

He added: “The merger should enhance our position in Halifax and beyond Calderdale and into West Yorkshire and help to form a strong Northern presence within Streets coupled with the existing Wakefield, Hull, Preston and Burnley offices along with any other firms joining us in the future.”

Spenser Wilson clients will benefit from the merger since the combined firm will be able to offer a wider range of services including specialist corporate and private client tax planning, banking and finance, grants, R&D tax reliefs, international advice and personal financial planning. 

Looking at what the merger means for Streets, managing partner, Paul Tutin, said: “The merger of Spenser Wilson Chartered Accountants and Business Advisers is the latest in line with our plans to expand our geographical coverage and provides us a stronger presence across Yorkshire, following the recent merger of the Wakefield practice of Andrew Wright and Co and our long-standing office in Hull.

“We are really looking forward to working with Chris, Liz, Andrea and Sally 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 Yorkshire.”

Streets has said to have a number of further mergers and acquisitions in the pipeline, which include a number of practices across the UK, and is on track to achieve its target revenue of £40m by the end of the year.

Tutin added: “The profession is going through significant consolidation with heightened levels of merger and acquisition. In contrast to many, our approach seeks to build on the success of merging firms, ensuring we retain and build on their winning approach – an approach we believe is particularly liked by many of those looking to exit routes, the challenge of growing their practice or facing increased competition and the need to widen their service offering.”