Fast growing accountancy firm Whyfield is continuing to expand its client base after finalising two acquisitions in Cornwall this month.
The Truro-based firm were approached by A.S Herd & Co and Accountant Cornwall Ltd who recently announced their retirement from the world of accountancy with a view to taking care of their clients’ future accountancy needs.
Laura Whyte, Managing Director at Whyfield, commented: “We’re fully committed to supporting businesses in Cornwall so we were delighted to be considered by A.S Herd & Co and Accountant Cornwall Ltd given their great reputation, to see if we can support the needs of their loyal clients.” Laura continued: “These acquisitions have presented a fantastic opportunity for us to further grow our firm at a time where we are streamlining processes for clients and recruiting more local talent, so the timing was perfect.”
Alan Herd, proprietor of A.S. Herd & Co said: “Whyfield is an award-winning firm with a wealth of knowledge in cloud accounting which our clients will increasingly need in the years ahead. I wish them all the very best.”
Geoff Pym of Accountant Cornwall Ltd explained: “I’m really pleased that Whyfield will be able to offer its services to our clients. As a firm which is growing both locally and responsibly, I am very confident they will be in good hands.”
The firm has successfully expanded its client base to over 800 with 50% growth over the past 12 months. In that time Whyfield was also the first firm in the South West to be invited on to HM Treasury’s Women in Finance Charter; won an International Association of Bookkeepers mentoring award at the Houses of Parliament; named as Business Leader of the Year at the Cornwall Business Awards and had two of its accountants named in Cornwall’s 30 Under 30 of rising stars.
In addition, all of their 14 strong team have passed further profession accountancy exams and the firm has gained cloud knowledge recognition by achieving both Platinum Partner Status with QuickBooks and Gold Partner Status with Xero.
The acquisitions were completed with legal support from Nalders LLP.
The total amount of late filing penalties imposed by Companies House in January 2018 was over £7 million.
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