6th October 2015
Surrey-headquartered law firm Mundays has advised on the merger of accounting firms Marks Bloom Ltd and WSM.
Based in Kingston upon Thames, Marks Bloom has been one of the leading accountants in the area since opening more than 40 years ago, and is a firm of chartered accountants, registered auditors, tax advisers and licensed insolvency practitioners. Together with WSM, the firm will offer a full range of insolvency and business recovery services to corporate as well as private clients.
Marks Bloom’s personal tax and accounting team will move to WSM’s new offices in Wimbledon and the merged insolvency team will operate from both locations under the new name WSM: Marks Bloom. This combined group will have an annual fee income in excess of £5 million.
Mundays, which also has an office in London, had a strong team working on the transaction, which was led by Partner in the Corporate, Alex Young; and assisted by Head of Employment and Partner, Andrew Knorpel; as well as Oliver Morgan, who is a solicitor in the Corporate and Commercial team.
Commenting on the deal, Alexander Young from Mundays, said: “We are glad to have played a vital role in this important transaction, which will see both firms consolidate their expertise. Marks Bloom’s in-depth insolvency knowledge combined with WSM’s additional resources as a larger firm will ensure the highest quality work is delivered to their clients.”
Sophie Banks discusses the employer reference and how it has diminished over the years to minimise the risk of a claim being made
Most company and business sales will involve the Sellers giving a series of warranties (statements) to the buyer in connection with the company, business and assets being acquired
As Easter moves between mid-March and mid-April, Andrew Knorpel looks at the reasonably regular Easter quirk