Cheltenham accountancy firm Randall & Payne has acquired Gloucester-based practice Little and Company for an undisclosed sum.
The two accountancy businesses will merge and Little and Company’s team of 14 staff will be retained as part of the deal.
Little and Company’s office, on Park Road, will stay in use for six months, after which the team will join Randall & Payne’s 50-strong workforce at Chargrove House on Shurdington Road.
Simon Dudfield and Nicholas Gratton, partners at Little and Company, who specialise in providing advice to doctors, solicitors and the agricultural sector, will continue to work with existing clients under the Randall & Payne brand.
Tim Watkins, managing partner of Randall & Payne, said the deal would mean Little and Company, and its client base, would gain access to specialists in areas such as corporate finance for valuations, acquisitions and financing, corporate tax services including VAT, share structures and R&D tax relief, and business coaching.
He also said the Gloucester firm would “benefit” from Randall & Payne’s technology.
“The past year has reinforced for everyone how important making the most of the opportunities presented to us is and not letting barriers to success stand in our way," he said.
“This is why we are pleased to share our positive news. Little and Company brings a wealth of expertise and knowledge to enhance our current service provision.
"We are really pleased that all of the team are staying on board with us, ensuring our high level of service is maintained.”
Simon Dudfield, managing partner of Little and Company, said he was “convinced” there would be “considerable benefits” from the merger.
“We have known the partners of Randall & Payne for a long time; they are a very well established and respected firm of accountants, business advisors and tax specialists who come from similar roots to ours,” he said.
Ollie Newbold, partner and head of corporate finance at Randall & Payne, who was involved in the deal, said the acquisition was a “great fit”.
He added: “Little and Company share the same values and culture as Randall & Payne. We are all looking forward to working with Simon, Nicholas and the rest of the team."
