Accountancy firm Menzies is merging with Harris Lipman in a deal that both companies claim will create a partnership with £40m of fee income.
The merger brings together two firms in the entrepreneurial SME sector and extends Menzies’ presence to the north of London. The new entity will operate under the Menzies name.
Harris Lipman clients will gain access to Menzies’ specialist expertise in more complex areas of international tax, VAT and HR.
In joining Menzies, Harris Lipman will also gain membership of the global network, HLB International, which comprises independent professional accounting firms and business advisers in more than 100 countries worldwide.
In a concurrent deal, the firms bring together their substantial business recovery teams and these will now expand in London and continue to operate in Cardiff.
Julie Adams, senior partner at Menzies, said: “We already have a strong local presence in the south and west of London, extending down to the Solent.
“Our merger with Harris Lipman supports our growth plans for the northern home counties, and it further extends the reach of our business recovery team.
“Harris Lipman’s ethos and focus on entrepreneurial businesses complements our own, and we look forward to working with them to grow our business together.”
Martin Atkins, managing partner at Harris Lipman, said: “We believe this merger brings a wealth of additional expertise and geographical reach of those skills to our clients and creates great opportunities for our team.
“Both firms share the same ethos in terms of their client approach and team development and we are all looking forward to being part of a great business going forward.”
Under the terms of the merger, Harris Lipman’s offices and team in Whetstone and Cardiff will continue to operate as normal, with the exception of the insolvency team currently based in Whetstone, which will relocate to join the Menzies insolvency team in Tavistock Square, London.