McBrides acquires Shea & Co accountants
2 Oct 2019
McBrides Chartered Accountants is merging with Shea & Co of Forest Hill with founder John Shea joining the firm as a consultant
2 Oct 2019
Shea & Co was set up in 1992 and specialises in owner-managed businesses and UK subsidiaries of larger international companies, with clients including UK shipping and property-based companies.
Senior manager Charles Antwi and four audit and accounts seniors will join the McBrides’ office in Sidcup, Kent.
Post-merger, McBrides will have a combined turnover of £4.5m with seven partners and nearly 50 staff. The firm was set up in 1974 and provides full accountancy services and business advice to owner-managed businesses and PLCs across London and the south east.
Nick Paterno, managing partner at McBrides, says: ‘I’m delighted to welcome the Shea & Co team to our firm. This is exciting news for all of us – we’re driving forward and remain confident of repeating the growth we’ve experienced over the last few years.
‘The merger brings great potential for clients who will benefit from greater expertise and strength of service, and to our staff too who will enjoy strong development opportunities within the enlarged firm.’
Nick Paterno, John O'Shea
The merger comes at a time of significant change in the accounting world with increasing regulatory requirements.
‘The accounting world is changing with audit standards becoming more onerous and taxation becoming more complex,’ Shea said. ‘Our clients will certainly benefit from the opportunities to scale up and the technology as a result of the combination.
‘I have known McBrides for over 25 years and my experience of them has always been that they are a quality firm dedicated to providing a broad range of accountancy and business services to their clients.’