Farleys’ commercial and corporate teams have assisted one of Lancashire’s most prominent accountancy firms in its expansion further into East Lancashire with a new takeover deal.
PM+M, which has branches in Bury and Blackburn, has now acquired the Accrington office of fellow chartered accountancy firm Haworths.
The firm hopes that this will help increase its presence and reach across the region.
PM+M managing partner Jane Parry said: “Haworths has an enviable reputation, so we are delighted to welcome the team and their clients to PM+M.
“We have known the directors of Haworths for many years and we see real synergies between the two firms as we share a client-focused approach, have similar cultures, shared values, and a range of complementary services.
“I’m confident this deal will add value and will help us to continue investing in and growing our East Lancashire presence.”
The deal will see Haworths staff continue to work at the Old Tannery in Accrington for the time being, with the intention to relocate to PM+M’s head office at New Century House on Greenbank Technology Park, Blackburn, in March next year.
Haworths director Paul Spencer, will be joining PM+M as a partner while his director colleague Mark Schofield will be there for the transition period and assist with client introductions before focusing on managing the Haworths Settle office.
Mr Spencer said: “PM+M is a highly regarded name in the North West and offers a range of services to its clients which encompass and strengthen our own, as well as providing additional expertise in areas such as tax advisory, research and development tax credits, and corporate finance.
He added: “Our hope is that joining PM+M will mean greater things for us and our clients.
“The increased resources, along with PM+M’s commitment to quality and people development, will ensure that we can continue to provide an exceptional client service.”
Debbie King of Farleys Solicitors advised on the corporate aspects of the deal alongside Victoria Mitchell (employment) and Stephen Greenwood (commercial property).
Debbie commented,
We have long-standing professional relationships with both PM+M and Haworths so we were delighted to act on this deal. The acquisition of Haworths’ Accrington office will strengthen the offering of PM+M to businesses across Lancashire and we’re looking forward to seeing the progress they make as a result.
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