Accountancy firm Azets has acquired a £4m independent firm of chartered accountants, business and tax advisers.
Bradford-headquartered Naylor Wintersgill provides accounting, audit, corporate finance, tax, payroll, and HR advisory services to SMEs, private clients, and not-for-profit organisations across the Yorkshire region.
The firm has been based in Bradford for more than a century, headquartered at Carlton House on Grammar School Street.
Naylor Wintersgill will rebrand as Azets with immediate effect.
With the acquisition, Azets has expanded its presence and deepened its advisory expertise in Yorkshire by adding two offices to its UK network, which now totals 90.
The deal has also added 67 people into the Azets team, including eight partners.
Managing director Victoria Wainwright, who started her accountancy career as Naylor Wintersgill’s first apprentice in 1991, will continue to lead the team as office managing partner.
She said: “The team at Naylor Wintersgill are thrilled to be joining Azets. This is a brilliant opportunity to strengthen our services offering to SMEs and owner-managed businesses in Yorkshire. It is also an opportunity for our team to be part of a much larger ecosystem, creating even more value for our clients.
“We will continue to build on the achievements of Naylor Wintersgill, delivering the same high-quality level of service, with the advantage of being able to offer more specialist advice and be part of a growing group that offers new and exciting opportunities for our clients and our people.
“It was clear from the start that Azets’ culture and values align closely with our own, and we are confident that that this acquisition is the perfect fit for our future growth.”
Russell Turner, regional managing partner with Azets in Yorkshire, said: “This acquisition is a wonderful opportunity to expand Azets’ geographical presence in Bradford and enhance our specialist offering to SME clients right across the Yorkshire region. We are delighted to be working with Victoria and her team.”
Peter Gallanagh, regional chief executive for Azets’ UK North region, added: “I’d like to offer a warm welcome to our new colleagues and clients from Naylor Wintersgill as we embark on this exciting journey together. This acquisition offers a platform for Azets to keep building its regional presence in Yorkshire and leverage shared skills in support of our SME clients.
“Like Azets, Victoria and her team have a strong reputation for delivering a full range of quality professional services and support to clients through a collaborative relationship built on trust and confidence.”