Two of the region’s leading accountancy practices have announced that they are in advanced merger discussions.
Francis Clark LLP and Cornwall-based Winter Rule LLP have agreed Heads of Terms which are expected to see the two firms merge from June 2011.
The new business would result in a practice with 45 partners and 350 staff spread through seven offices in Truro, Plymouth, Tavistock, Exeter, Torquay, Taunton and Salisbury.
Winter Rule chairman, John Mitchell, said: “We have taken considerable time in concluding on this strategic choice which is a landmark decision for the firm.
“We are constantly looking for ways to enhance the services we offer clients and see the merger as providing an opportunity to expand both our resources and the range of services that we can offer our clients.
“The link up will also provide our team in Cornwall with wider career development opportunities which in turn will enable us to continue to attract high calibre individuals to deliver advice to our clients.”
Les Burnett, managing partner of Francis Clark, added: “The two firms share a remarkable synergy particularly in their culture, ethos and work ethic. Both were founded over 90 years ago and both are known for developing strong, personal and lasting client relationships whether they are with individuals, start-up businesses, owner managed businesses or large corporate entities.
“Both firms are progressive and forward looking and are noted for going the extra mile and providing real value added client services.
“Francis Clark has been committed to opening a Cornwall office to serve our already considerable Cornish client base so merging with an established firm which we greatly admire has provided the ideal solution.”