South west-based Thomas Westcott has made a further investment in its regional business by merging with longstanding Plymouth-based accountancy practice Riley Chartered Accountants
Riley’s 14 team members, including three partners and a director, will relocate to Thomas Westcott’s office at Marsh Mills, creating a 55-strong team in Plymouth.
The move is part of Thomas Westcott’s continued growth across the south west which has seen its Plymouth office grow rapidly since its merger with Parkhurst Hill in 2016.
Shona Godefroy, Thomas Westcott managing partner, said: ‘Joining forces with Riley Chartered Accountants represents our continued growth and investment in Plymouth. It is an exciting opportunity for us to enhance our team and grow our client base in and around this vibrant city.
‘Riley is a very well established firm and we already have a strong relationship with the team. Our firms are very like-minded in ethos and approach and, like us, Riley serves a diverse client base.’
Ranked at number 52 in the Accountancy Daily Top 75 league table of firms, Thomas Westcott reported fee income of £14.6m in 2019, making it one of the largest independent accountancy practices in the south west, with 17 offices across Devon and Somerset, with 30 partners and 220 staff.
Jon Stacey, Riley Chartered Accountants partner, said: ‘For 40 years, Riley has been serving business clients across the south west.
‘However, in the modern business world it is necessary to build a depth of resources and skills to wrap our clients with a professional service team.
‘Being small and niche means that this is much more difficult and therefore for our clients, the team and our partners, we are better off becoming an influential part of a bigger business.
‘This is a merger that has been carefully planned for more than two years and we are really looking forward to the benefits that come from combining the two teams and being able to offer a really caring service to our clients.’