Prime Accountants Group has announced the acquisition of respected Birmingham firm Stanley Yule following a period of sustained growth for both companies.
Prime, which has offices in Solihull, Birmingham and Coventry, has acquired the Kings Norton-based company, which will continue operating under its original name as it integrates into the business.
Stanley Yule is a firm of chartered accountants and registered auditors which has served predominantly small and medium-sized businesses throughout its near 100-year history.
It has joined forces with Prime to draw on its greater resources and further expand the service it offers to its clients.
The company’s three directors Ian Bidmead, Gulraj Mankoo and Birgitt Saunders will continue working for Stanley Yule, with Ian and Gulraj also joining the board at Prime.
Kevin Johns, managing director of Prime Accountants Group, said: “We are delighted to welcome Ian, Gulraj, Birgitt and the Stanley Yule team to Prime following a period of impressive growth.
“The business will continue operating under its own name as it becomes part of the Prime group and will have access to the extra resources we can offer.
“Both businesses are in an excellent position to capitalise on the growth achieved this year and continue to expand into 2022.”
Ian Bidmead, who purchased Stanley Yule in 1991 and has overseen the sale to Prime, said: “Stanley Yule has always been a client-focussed and service-led firm, offering bespoke service and advice.
“This has enabled us to grow substantially over the years, to the point where we have decided to partner with a larger firm in order to satisfy the ever-increasing demand for our services.
“The partnership with Prime will enable us to continue to develop the business and offer even more value and advice to our clients going forward.
“The decision to partner with Prime was based on shared values, client approach and its excellent reputation. We are convinced that by pooling our knowledge, experience and resources we will ensure a continued outstanding service for our clients and we’re thoroughly looking forward to working with Kevin and his team.”
