17 July 2013

Pudsey accountants' merger provides basis for growth

Chris Peace, a partner in the Shulmans corporate finance team, recently facilitated the merger of two established accountancy firms, Broadhead Peel Rhodes and Heaton Lumb Lisle.

The new firm now operates under the name BPR Heaton, employing 40 staff at its base in Pudsey, including seven directors. The merger enables BPR Heaton to compete directly with mid-sized stalwarts in nearby Leeds and Bradford, servicing an increasingly diverse list of clients as it continues to develop.

Both practices share a proud heritage in Pudsey. Heaton Lumb Lisle was formed shortly after World War II, with partners George Lisle and Jack Heaton having served on active duty during the war before joining William Lumb. Broadhead Peel Rhodes was formed in the 1970s by founding partners Graham Broadhead, Mike Peel and David Rhodes, followed shortly afterwards by the acquisition of AV Hood & Co.

On the merger, Chris said: “It’s fantastic to work with two inspirational businesses with such rich histories; growing a business in this economic climate is no mean feat so it’s a real testament to their dedication and vigour.”

BPR’s managing director, Robert Brook, added: “We’re delighted to have merged with another established firm in the region and Shulmans handled the whole process in a very efficient, sensitive way. We have firm ambitions for further growth, and our combined reach gives us the opportunity to open up the market, providing a genuine alternative to the mid-sized city stalwarts.”

Heaton Lumb Lisle’s senior partner, David Lewis, said: “The firms share many values, in particular the importance placed on the quality and longevity of client relationships, many of which have been built up and maintained over a number of generations”.