Mid-tier accountancy firm Chantrey Vellacott is to merge with Moore Stephens, it has been announced today.
The two firms will use the Moore Stephens brand and operate in a combined partnership as members of the Moore Stephens International network, which has a turnover of $2.7bn and offices in 103 countries.
Simon Gallagher, managing partner of Moore Stephens, said: “The merger provides a platform for continued, sustainable growth.
“There are real synergies, not just in terms of the services and sectors but a coming together of similar philosophies and values to form a strong combined firm.”
The merger will complete on May 1, at which point the combined partnership will begin trading as Moore Stephens, with the London offices consolidating into 150 Aldersgate Street over the coming months.
Current Moore Stephens managing partner Simon Gallagher will lead the amalgamated firm, with Richard Moore remaining as senior partner. Chantrey Vellacott’s managing partner Mike Tovey will be joining the firm’s partnership executive committee.
The firm’s primary focus will be to provide services to owner-managed and global businesses across various sectors, including domestic and international private clients.
Mike Tovey, managing partner of Chantrey Vellacott, said: “This provides an important strategic development for both firms.
“The combined firm will provide our clients with a broader range of expertise, along with an increased depth of sector knowledge and experience. Clients will also benefit from access to much wider UK and global capabilities through the Moore Stephens UK and international network.”
By Marcel LeGouais