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ACCOUNTANCY PRACTICE
MERGER & ACQUISITION


There follows a selection of mostly SALES which Jeremy Kitchin has successfully brokered during the past decade.  We have completed several hundred transactions Sales/Purchases/Mergers, plus a large number of consultancy assignments inc valuations.  Mr Kitchin’s part in creating Vantis Plc, the leading accountancy practice ‘Consolidator’ which floated on AIM on May 1, 2002, was much publicised.  A number of wip deals (current opportunities) are shown immediately below.

2008 Work In Progress (Current Opportunities)


AP3110
Active Role seeking to buy up to £400,000 around Cirencester – Purchaser will pay up to 1.75 x grf - marketing stage
AP3112
Gross Fees c£70,000 - North Lincs - marketing stage
AP3119
Gross Fees c£80,000 – Aberdeenshire – marketing stage
AP3120
Gross Fees c£133,000 – N Notts / S Yorks area – marketing stage
AP3121
Gross Fees c £320,000 – Staffordshire – contract stage
AP3131

Active Role seeking to buy up to £800,000 in West Midlands – Purchaser will pay up to 1.7 x grf - marketing stage

AP3132
Active Role Australian practice seeking to buy c£2 million within M25 - contract stage with £1M practice
AP3134

Gross Fees c£230,000 – Edinburgh area – short list stage

AP3136
Gross Fees c £250,000 – Warks - due diligence stage
AP3137
Gross Fees c£70,000 – Shropshire – on hold temporarily
AP3138
Gross Fees c £80,000 – Worcestershire - initial meeting stage
AP3141
Gross Fees c£230,000 - Frome / Radstock / Midsomer Norton Area - marketing stage
AP3145
Gross Fees c£80,000 – Greater Manchaster North – marketing stage
2008 (completed)
AP3094

Beachguild (Gross Fees £112,000, Cloucestershire) sold to The Hanson Partnership

AP3123
De-Serve Ltd (Gross Fees £20,000,Telford area) sold to Talbot & Co
AP3127
King & Co (Gross Fees c£134,000, West London) sold to Clarke Associates
AP3128
Clacton Business Services (Gross Fees c £84,000, N E Essex) sold to ASAP Accounting
2007
AP3117
Maidstones Ltd (Gross Fees c£1M, Midlands) sold to anonymous buyer
AP3125
Gross Fees c£800.000 – West Midlands – contract exchange has taken place
AP3106
TaxAssist Accountants (Gross Fees c£75,000, Codsall) sold to Accountancy 4 Growth Ltd
AP3102
Tee & Company (Gross Fees c£200,000, Gloucester) sold to Mitchell Glanville Ltd
AP3101
Bell & Company (Gross Fees c£400,000, Stourbridge) sold to an anonymous purchaser
AP3100
Barber & Co (Gross Fees c£650,000, Leamington Spa) sold to an anonymous purchaser
AP3098
Howson Green (Gross Fees c£100,000, Burnley) sold to Turpin Lucas Lees
AP3080
Hayles Farrar (Gross Fees c£93,000, Ibstock, NW Leicestershire)
sold to DWP Finacial Accountants

2006


SEPT

Richards & Co (Gross Fees c£400,000, Bristol) sold to Milsted Langdon

AUG Bibby & Bibby Ltd (Gross Fees £140,000, Chudleigh, Devon) sold to Michael Trigg FCA

AUG




Ghiaci Goodhand Smith Ltd (Gross Fees £400,000, Brighton)
sold to Clarke Associates via an ‘Active Role’
– Mr Lewis commented “thank you for all your help - you really have been brilliant”.


JUN



Godfrey & Co (Gross Fees £30,000, Whittlesey, Peterborough)
sold to David Andrews Assoc Ltd.


APR




Personal Tax Centre Ltd (Gross Fees £160,000, Bournemouth)
sold to Stephen L Maslin BA (HONS), FCCA.
The Vendor said “…things went exactly as you said….relatively stress free”


MAR


Albert J Pope (Gross Fees £140,000, Bath area) sold to Muskin Gregory, CA’s


JAN



Crompton Morris (Gross Fees c£227,000, Leamington Spa) sold to Baldwins (Leamington) Ltd


2005

SEPT



H & R Block Tax & Accounting Services Limited (Gross Fees c£400,000, Bath)
sold to Classic Financial Solutions LLP


AUG


Oliver Plummer & Co (Block of Fees c£140.000, Wimbledon) sold to Haggards


AUG


Tax Assist Direct (Gross Fees c£37,000, Howden, S Yorks)
sold to Campbell’s Accountancy Services


AUG


Brieley & Co (Gross Fees c£120,000, M1 corridor) sold to Brieley Grimsdell Ltd


JUL



Browns Chartered Accountants (Gross Fees c£270,000, Tamworth)
sold to Baldwins (Tamworth) Ltd


APR


D W Thorp FCA (Gross Fees £37,000, Newcastle Upon Tyne) sold to Bell Anderson.

APR


Harvey Spriggs & Co (Gross Fees c£70,000, Oundle) sold to RNV Chartered Accountants


MAR


Mike Williams (Gross Fees c£74,000, Medway Towns) sold to Oak Credit & Finance Ltd.


FEB


Robert McDowell FCA (Gross Fees c£10,000, West Sussex) sold to Axtons CA’s


2004

DEC


Derick Monaghan & Co (Gross Fees £98,000, Fife) sold to M A Steele & Co


AUG


J B Pashley & Co (Gross Fees £42,000, Derbys) sold to Smith Emmerson


JUL


Plus 2 (Gross Fees £88,000) merged c£32,000 into Booker Edgington


JUN


Armstrong Rogers (Gross Fees £160,000, Warks) sold to Shenton & Co


MAY


J F Kelland & Co (gross Fess £20,000, Devon) sold to Impact Totnes Ltd


1999/2003

DEC 03


Brian R L Sellick (Gross Fees £40,000, Devon) sold to Rogers & Co


AUG 03


Langley Plant & Devitt (Gross Fees £170,000) Nottingham, sold to Winross Hacker Young


APR 03


Rees Partnership (Gross Fees c£110,000) North Notts, sold to Gregory Priestley & Stewart


FEB 03


The Custom House (Gross Fees c £2.0 M) Kent, sold to Consolidator Vantis Plc


OCT 02


Nicklins (Gross Fees £75,000) Newport Office sold to Morgan Jones


JUL 02


Beavis Walker (Gross Fees £2.7 M) London, sold to Consolidator Vantis Plc


DEC 01


Spooners (Gross Fees £58,000) – Gainsborough, Lincolnshire. Sold.


1998

JUN



Gratton-Smith & Co - Abergavenny (Gross Fees £76,000)
sold to Richard Hughes & Company - Hereford


APR



J A Austen & Co - Oakham (Gross Fees £52,000)
sold to Rupert King & Co Limited - Grantham


MAR


J P Mercer & Co - London W2 (Gross Fees £38,000) sold to Michael Stern


JAN


R H Coombes - Cotswolds (Gross Fees £132,000) sold to George-Addis & Co - Hinkley


1997

DEC



M J Russell & Co - Sthmptn (Gross Fees £78,000)
merged with Stephenson Sheppard - Salisbury


JUL


Burgin Kingston - Stamford (Gross Fees £180,000) sold to Duncan & Toplis (8 office firm)


JUL


Dharsi & Co - Croydon (Gross Fees £140,000) sold to C J S Mason


MAY


Calthorpes - Birmingham (Gross Fees £500,000) formed local partnership with Levy Gee


1996

JUN


K Sherwin & Co - Crewe (Gross Fees £48,000) sold to P Firman


AUG


W T Thieme & Co - Doncaster (Gross Fees £171,228) sold to Angus Norden & Co - Barnsley


1995

JUL


Joseph & Co - Kidderminster (Gross Fees £14,500) sold to Worton Rock & Co (4 office firm)


FEB


Singleton Carter - Nottingham (Gross Fees £200,000) sold to Haines Watts (Top 20 firm)


1994

DEC


M Kostick & Co - Chester (Gross Fees £90,137) sold to Pursglove & New


DEC



W R Fox & Partners - Peterborough (Gross Fees £140,000)
sold to S R Howell & Co (3 office firm)

 

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