Accountancy and business advisory firm, Hentons, has acquired London-based accountancy firm Clayton Stark & Co, for an undisclosed sum.
The acquisition of Clayton Stark & Co will see the turnover of Hentons, headquartered in Leeds, soar to £8.3million and the number of employees increase to 130.
Hentons Managing Director Peter Watson said: “Clayton Stark & Co have a particularly strong audit offering and the whole team will join and complement our colleagues in London, who offer a full service offering including auditing, accounting, financial planning, wealth management and tax management services.
“Our team in London also specialize in the music and entertainment sector and are renowned in the music industry, having been shortlisted as Accounting Firm of the Year at the Music Week Awards for four consecutive years.
“With over four decades of industry experience, the business supports managers, promoters, touring crews, agents and musicians and includes artists such as Emeli Sande, Mabel and Katie Melua, with a plethora of services.”
Jan Kariya, Senior Partner at Clayton Stark & Co, said: “We have been trading for over 66 years and have a loyal customer base who will benefit from a number of enhanced service offerings through our partnership with Hentons.
“In addition to having access to a larger audit team, clients can now take advantage of specialized financial planning, tax advisory, corporate finance and accounting solutions in the cloud.
“Hentons also has specialist payroll teams, which many of our customers want to use.”
Nadeem Ahmed, Managing Partner at Hentons, added: “Last September we established Hentons Corporate Finance via a joint venture with South Yorkshire-based Mackenzie Spencer, and with this latest acquisition we now employ over 130 people in our offices in London, Leeds, Sheffield. , York and Thirsk.
“With ambitious plans for acquisitive and organic growth going forward, we have seen the increasing demands for compliance, the need to invest in technology and the challenges of attracting top talent in a competitive market. many well-established independent accounting firms to consider the benefits of joining us.
“We are a proactive practice that can help unlock their potential.”
