UK-based accounting practice bk plus has acquired Sephton Accountants, an independent company based in Marston Green, Solihull, West Midlands.
Financial details of the deal have not been disclosed.
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Sephton provides accountancy, audit, bookkeeping, corporate and individual tax, payroll and VAT services.
Partners Steve Connell and Darren Carter will continue to lead the business, which will remain at its Solihull premises following the acquisition.
The transaction will also provide Sephton with access to the broader range of specialist services offered across bk plus.
Connell said: “We have always been clear about what kind of firm we want to be, personal, responsive and genuinely useful to the businesses we work with. That has not changed, and it will not change.
“The reason joining bk plus made sense is that it does not ask us to be something different. What it offers is access to a wider pool of expertise that we can bring to clients when they need it.
“For businesses that are growing, that matters. Tax gets more complex, corporate structures need advice, succession planning comes into the picture.
“We can now handle more of that ourselves rather than referring it elsewhere. Sephton stays Sephton. We have just got more to offer.”
The acquisition adds to bk plus’ presence in the West Midlands, where it has been expanding its regional network under a wider national growth programme.
It is the second acquisition completed by bk plus within a week.
The company now has more than 62 offices and over 1,000 employees across the UK, serving small and medium-sized enterprises and owner-managed businesses.
Commenting on the Sephton purchase, bk plus CEO Shaun Knight said: “Sephton is a firm that has worked out what it wants to be and then consistently delivered it.
“That is harder than it sounds, and the result is a practice with real loyalty from its clients and its people.
“What attracted us was the consistency. A stable, experienced team, a clear service model and a track record of steady, sustainable growth.
“Those are the things that tell you a firm is well run. The West Midlands is an important market for bk plus, and Sephton gives us a high-quality, well-regarded home in Solihull.”
