Accountants HKM acquired by Wenham Major
Wenham Major set to become one of the largest independent accountancy firms in the Midlands
Wenham Major is set to become one of the largest independent accountancy firms in the Midlands following its acquisition of its rival HKM.
The Birmingham-based company has been in operation for over 140 years but is now entering a new stage in its development as it makes it first acquisition – the first of what is believed will be many.
HKM was established by Rohit Khandhia and Kiran Mistry in Leicester during 1995 and has since spread into Nottingham, London and Birmingham.
Mistry will remain with the business and expects that the new 100-strong company will have a bright future:
“We are very excited about the prospect of working with our new colleagues and to broadening the range of services we can offer,” Mistry said. “Our firms share similar cultures and values, and represent an excellent business fit.”
Executive chairman John Joyce has indicated that this is likely to be the first of a number of acquisitions for the firm across the UK.
“Both sides bring something different to the party,” he said.
“By pooling our resources, we will be able to demonstrate tangible benefits to our clients and to provide access to a much broader range of services, all within the same firm.
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“This acquisition is entirely in line with our stated strategy of being the UK’s leading independent ‘trusted’ business advisory firm, and significantly enhances Wenham Major’s geographic reach within the Midlands.”
Wenham Major took legal advice from Gary Davie, a corporate partner with Shakespeare Putsman, while Austin Moore of HBJ Gateley Wareing acted for HKM.
© Crimson Business Ltd. 2007