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Baker Tilly offices to merge in Basingstoke
PLANS have been announced to amalgamate the offices of Baker Tilly and RSM Tenon in Basingstoke.
The news was announced this week, following the acquisition of the trading operations of RSM Tenon in September.
Baker Tilly is now rebranding all of the former RSM Tenon offices – and it has today taken over RSM Tenon’s joint sponsorship of The Gazette’s business pages.
Nick Parker, office managing partner at the Baker Tilly Vantage base, in Victoria Street, said his office and that of the Baker Tilly offices at Springpark House, on Basing View, will merge into one single practice to continue the planned growth of the business in this important economic area.
The newly-merged firm will have more than 100 staff and partners in Basingstoke as part of Baker Tilly’s national network. The Basingstoke offices are among those in London, Milton Keynes, Birmingham, Leeds, Manchester, Stoke, Edinburgh and Glasgow that are set to merge.
No date for the local merger has been set, although it is expected that many of the office mergers will take place in early 2014.
Mr Parker said: “Baker Tilly is a major provider of accounting and business advisory services to privately-owned businesses, entrepreneurs, smaller listed firms, not for profit organ-isations, and high-net-worth individuals, so it is a perfect fit with RSM Tenon’s existing local client base. The merger provides us with a platform for future growth.’ Mike Blain, office managing partner at Baker Tilly, on Basing View, said: “This merger underlines our commitment to Basingstoke and will enable us to expand and strengthen our offering to existing and prospective clients in this important market.”
In September, the trading subsidiaries of RSM Tenon were sold to Baker Tilly for an undisclosed sum, after RSM Tenon Group plc went into administration.
Acquisitions had left the RSM Tenon Group saddled with heavy debts worth £80million. News that RSM Tenon was in trouble first surfaced in January 2012, when it was revealed that the accountancy firm had overstated its results, leading to a profit warning and the departure of the then chief executive Andy Raynor.
The newly-enlarged Baker Tilly will have revenues of £350 million a year. It will be the seventh largest UK firm of chartered accountants, tax and business advisers to entrepreneurial and growing businesses.
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