South-East firms Kreston Reeves and Spofforths to merge

17 March 2016

Accounting and consulting firms Kreston Reeves and Spofforths have decided to merge on 1st June 2016. The deal creates one of the largest advisory firms in the South-East – combined the firms will have 55 partners, and more than 450 staff, spread across 10 locations in the region.

With a revenue of around £21.6 million, Kreston Reeves is a top 30 accounting and consulting network in the UK in terms of size. The firm is member of Kreston International, a global network of independent firms, with a footprint of 21,000+ professionals the 12th largest in the world.

In line with its growth strategy, Kreston Reeves has agreed a merger with Spofforths, a smaller counterpart with offices in Brighton, Chichester, Horsham and Worthing. Nigel Fright, Managing Partner of Kreston Reeves, says he is “delighted by the prospect of the merger”, adding “Spofforths is a successful firm that shares our values and strong personal commitment to clients. We see great potential in joining together in an evolving market where standing still is not an option.”

South-East firms Kreston Reeves and Spofforths to merge

The joining of forces will according to Fright enable the firm to offer the full range of services, spanning accounting, audit, financial advisory and business advisory. “The result will be a fuller, more innovative, more integrated accounting, business advisory and financial planning service….. well-equipped to advise UK and international clients.” After integration Kreston Reeves will have 55 partners and 450 professional and support staff across 10 locations in the South East, generating fee revenues of around £31 million.

Jon Lisby, CEO of Kreston International, adds: “We are delighted to welcome Richard and all the team at Spofforths to Kreston UK and to Kreston International.”

Throughout the UK, Kreston member firms have over 2,300 professional and support staff.


SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”