UK-based professional services company Xeinadin has announced its acquisition of KBSP, an accountancy firm situated in Swiss Cottage, North London.

The deal is set to strengthen Xeinadin’s footprint in the capital and offer clients a wider range of expertise.

Xeinadin CEO Derry Crowley said: “KBSP’s longstanding reputation, strong client relationships and local insight make them an ideal fit for Xeinadin.

“Their focus on SMEs, commitment to client education, and adaptable service model reflect exactly the kind of firm we want to support and grow with. We’re delighted to welcome them aboard.”

Established in the 1960s, KBSP has been offering a variety of services, such as auditing, accounting, tax compliance, and consultancy.

The firm has assisted numerous clients, ranging from local startups to well-known national companies, throughout their business development.

The acquisition ensures the preservation of KBSP’s identity, workforce, and location while merging its operations into Xeinadin’s national framework, london-tv.co.uk reported.

This integration will allow clients to access specialists in fields like R&D tax credits, audit assurance, and sector-specific advisory services.

As a result of this acquisition, KBSP’s clients can  now have access to more extensive, digital-first offering.

The partnership aims to empower businesses at all stages of development, meeting the demand for customised and personal business support in an evolving market environment, the report added.

KBSP partner David Myerson said: “We’re a partner led local firm. Our clients aren’t looking for a revolving door of advisors.

“They want to speak to someone who knows their name, their business, and their challenges. That’s what we’ve always offered, and it’s what we’ll keep offering – now with the extra tools and expertise that Xeinadin brings.”