Crowe acquires boutique SME accounting firm

Top 20 firm Crowe has acquired a Gloucestershire accounting practice that specialises in helping entrepreneurs as part of a bid to expand its offering to the small and medium-sized enterprise (SME) market with a cloud-based solution

Led by Cheltenham office managing partner Guy Biggin, the firm has taken on the client portfolio and work in progress of Accounting for Entrepreneurs from boutique accounting practice Tayabali Tomlin.

A client service team of five has moved into Crowe’s Cheltenham offices, providing a new secure, cloud-based, streamlined software solution for SMEs.

Biggin said: ‘We have acquired Accounting for Entrepreneurs as part of our commitment to entrepreneurial business and to boost our service offering to small and medium sized businesses. For clients, it will mean increased support and resources to better serve their current and future needs, while having access to our full range of services and sector expertise.

‘This deal represents a further investment by Crowe in technology and advisory solutions to meet client needs in a changing regulatory environment.’

Biggin said that Crowe would continue to work with the business’s former owner Aynsley Damery to embed the new services.

Damery said: ‘Our business had matured to the point where it was neither big nor small. We needed to take the next step. This deal is about delivering for our clients through Crowe’s regional, national and international reach.’

Crowe is ranked at number 14 in the Accountancy league table of firms, with a fee income of £72.1m.

Nigel Bostock, chief executive at Crowe, said: ‘Our acquisition of Accounting for Entrepreneurs will allow us to continue to meet our clients’ objectives through an enhanced technology-based offering, supported by the renowned Crowe brand. Accounting for Entrepreneurs’ clients will have access to our national and global network of over 35,000 professionals to enable them to achieve their goals wherever they choose to operate.’

Report by Pat Sweet

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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