Streets Chartered Accountants, a top 40 UK accountancy practice, has announced the establishment of Streets Eadie Young Chartered Accountants.
The announcement follows the merger of the Banbury practice, Eadie Young Chartered Accountants with Streets Chartered Accountants, a mid-tier multi regional practice.
When asked about the merger, Doug Eadie, director, said: “This combination is a great match, both in terms of client focus and cultural fit. Now that Eadie Young is part of a larger practice we can confidently promise greater continuity of service to our clients and improved career prospects for our team.
“We also believe that our clients will benefit in that the combined firm will be able to offer a wider range of services including areas of specialist corporate and private client tax planning, international advice and personal financial planning.”
Nathan Bignell, a fellow director with Eadie Young, becomes Streets Eadie Young’s Managing Director. Commenting on his promotion and the merger, he said: “This is an exciting change and supports the rapid growth we have seen as a firm over the past decade. We are now able to offer a much-enhanced service to both existing and potential clients whilst still being able to provide the personal, responsive assistance our clients require, essential in any modern practice.”
Looking at what the merger means to Streets, the firm’s managing partner, Paul Tutin, said: “With Streets’ existing offices across eastern and central England we have been looking to establish a presence in Oxfordshire. With our presence now in Oxfordshire along with existing offices in Cambridgeshire, Northamptonshire and Bedfordshire we are very much part of the Oxford-Cambridge Arc.
“Whilst we considered opening a new office in the county, we really wanted to join up with another like-minded firm. We were therefore delighted to enter into a conversation with Eadie Young. 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.
“By coming together both Eadie Young and ourselves will be able to capitalise on our respective expertise and will be better placed to grow, develop and support the needs of both existing and future clients. We also feel that the merger brings exciting opportunities for our team members and for new recruits who can join a progressive and expanding practice. With the Streets Eadie Young office in Banbury, we now have 20 offices from Manchester in the north to Brighton in the south.
“Whilst many large firms have moved to more regional models, Streets remains committed to and focused on looking after clients that live, work, and operate businesses in the local area. This approach is very much at the heart of our strategic focus for growth, which is likely to include further mergers of like-minded firms. Our aspiration is to become a top 20 UK practice by 2030.”
Streets Law, the firm’s dedicated corporate and commercial law offering led by Managing Director and solicitor, Adam Aisthorpe, undertook the legal work on behalf of Streets for the merger, including drafting the sale and purchase agreement and dealing with the due diligence process in collaboration with internal colleagues in the tax and audit teams at Streets.
Legal work on behalf of the Shareholders of Eadie Young Ltd, was led by Hitendra Patel, director and head of Company Commercial with regional law firm, Spratt Endicott Solicitors.
