What's Happening?
Burgess Hodgson, a Canterbury-based accountancy and advisory firm, has announced the acquisition of Wandsworth Consulting, a specialist tax relief practice located in Surrey. This acquisition is the first since Burgess Hodgson partnered with private equity
firm Abry Partners. Established in 1938, Burgess Hodgson provides services to entrepreneurs and real estate investors, and this deal aims to enhance its specialist support across London, Kent, and the UK. Wandsworth Consulting, founded in 2014, specializes in capital allowances and R&D tax relief, serving a diverse national client base. The Surrey-based practice will continue to operate under its own name for the time being, bringing 70 years of collective experience to the group. The acquisition is part of Burgess Hodgson's growth strategy to invest in specialist expertise and expand its advisory capabilities.
Why It's Important?
The acquisition of Wandsworth Consulting by Burgess Hodgson is significant as it strengthens the latter's position in the competitive field of tax relief and advisory services. By integrating Wandsworth's expertise in capital allowances and R&D tax relief, Burgess Hodgson can offer enhanced services to its clients, particularly those with commercial property interests or innovation investments. This move is expected to reduce HMRC queries and facilitate faster processing of claims, benefiting clients with more efficient tax relief solutions. The partnership with Abry Partners provides the financial backing necessary for Burgess Hodgson to pursue its expansion plans, potentially leading to increased market share and influence in the UK accountancy sector.
What's Next?
Following the acquisition, Burgess Hodgson plans to leverage Wandsworth Consulting's expertise to broaden its service offerings and deepen technical support for its clients. The integration process will likely focus on aligning the operations and cultures of both firms to maximize the benefits of the acquisition. Clients can expect more comprehensive advisory services and access to a wider range of expertise. The continued operation of Wandsworth Consulting under its own name suggests a strategic approach to maintain brand recognition and client trust while gradually integrating into Burgess Hodgson's broader framework.
