Two Midlands accountancy and business advisory firms have revealed they are in advanced talks to join forces – creating one of the largest firms of chartered accountants in the region.
East Midlands-based PKF Cooper Parry says it will merge with Birmingham-based Clement Keys in early January 2016. The newly merged firm, which will take the PKF Cooper Parry name, will have a combined revenue of £30m and a team of more than 350 people across its two offices in the East and West Midlands.
PKF Cooper Parry told East Midlands Business Link that there are no planned redundancies.
This move reflects the appetite and commitment both firms have to growing and becoming the dominant force in the privately owned sector across the Midlands, said Ade Cheatham, PKF Cooper Parry CEO.
Cheatham added: “This is an exciting and significant merger for both firms. We share a closely aligned vision to be number one in the privately owned market across the whole of the Midlands through creating a fiercely independent firm which is purely focused on exceptional client service.
“This merger will enhance and complement our offering to clients, bringing sector expertise and extensive international reach along with extensive experience across core services under one brand. This exciting development demonstrates that we are ambitious for growth and determined to be seen as the adviser of choice for privately owned business.
Joe Bates, managing partner at Clement Keys, said: “Clement Keys and PKF Cooper Parry are delighted to be joining forces. We have spent a number of years growing our market share and so has PKF Cooper Parry. Bringing the two firms together will broaden our services to businesses in our region and strengthen our position in the marketplace.”