Armstrong Watson has strengthened its base in the north east with the acquisition of an accountancy firm for family and owner-managed businesses across the north after it acquired Hexham family practice Patricia J Arnold & Co
The merger, which took effect on 1 March 2021, sees Armstrong Watson’s Hexham office become its largest in the north east, almost doubling the size of its practice in the town and follows shortly after the business expanded in Newcastle.
Patricia J Arnold & Co owner Tricia Arnold has joined Armstrong Watson as a consultant, along with 14 staff who will continue to provide tax and accounting services to existing clients.
Both firms have a similar ethos and pride themselves on serving family businesses and individuals across the north. Arnold chose Armstrong Watson as a ‘safe pair of hands’ due to their dedication to clients and organic growth in Hexham over the last 25 years.
Arnold, who brings with her 40 years’ experience, saw the acquisition as a great opportunity for all parties. She said: ‘I believe clients will continue to receive quality, personal service and for some it will give them the benefit of being able to pull in the skills of a larger firm. The opportunities that exist at Armstrong Watson will benefit those clients very significantly.’
Commenting on the merger, Paul Dickson, Armstrong Watson managing partner and CEO, said: ‘We are delighted to welcome the clients and colleagues of Patricia J Arnold & Co to our Hexham practice.
‘This merger combines two firms of similar culture, with complementary practice strengths and sector expertise. We hope that by offering an increasing range of specialists and advisers, we will ensure that we continue to provide local businesses with tailored, proactive support and advice essential for profit and growth.’
Armstrong Watson’s 16-strong office portfolio continues to grow across the north of England and Scotland, both organically and through acquisitions. In a little over 12 months, the firm has acquired Eura Audit Northallerton, moved its west Cumbria office from Workington to Cockermouth and expanded into new premises in Newcastle, just two years after opening its first office in the city.
Dickson added: ‘This culmination of continued growth has strengthened Armstrong Watson’s position as a leading adviser in line with our aim to become the “go to firm for family and owner-managed businesses in the North of England and Scotland”.’