Chartered accountants Haines Watts announces the acquisition of Launceston-based accountancy practice Nevill Hovey & Co Ltd., which will trade as ‘Haines Watts Cornwall’. The partners of ‘Haines Watts South West’ toasted the new deal with Tim Smith, Managing Director of Nevill Hovey at local well-known landmark, Launceston Castle.
The multi-award winning Haines Watts group, with 60 offices across the UK, has won at the ‘FDs’ Excellence Awards’ for the last four consecutive years. Haines Watts South West with offices in Bideford, Exeter and Crediton, specialises in the owner-managed business and farming sectors, with over 350 farming clients spanning from Minehead to Penzance.
As part of the acquisition, the full team of eight members of staff from Nevill Hovey, who all live locally, have been retained. Haines Watts Cornwall also has expansion plans in line with the firm’s mid – long-term marketing strategy. Going forward, Haines Watts will be able to offer their Cornish clients access to a broader range of services with the backing of national expertise and support coupled with local knowledge.
Long-established Cornish company Nevill Hovey based in Launceston town-centre was founded in 1935. Sole-director Tim Smith took over the accountancy practice 15 years’ ago and is retiring following the sale of the business. Mr Smith said: “This is a win: win situation for everybody and our clients, who are the most important people, will benefit from this change in ownership. The service they have enjoyed with Nevill Hovey will be further enhanced with the backing of Haines Watts’ national strength and local knowledge with a hands-on approach.” He adds: “Although I’m really looking forward to my retirement, I want to take this opportunity to thank my long-term clients for their business and support. Also to reassure them that there will be a smooth transition and hand-over of the business and I will still be on hand to ensure the continuity of personal service and I’m delighted that the team are being retained.”
Tavistock-based Vince Edwards, managing partner of Haines Watts South West comments: “We are delighted to be opening our first Cornwall office, particularly in Launceston as I grew up there. It’s my old stomping ground and I have many happy memories of the town and its people. We already support many farmers in Cornwall, the acquisition will enable us to offer new Cornish clients access to a broader range of services with the backing of national expertise and support, whilst retaining a local presence. Naturally Tim has had long term involvement with his clients for a number of years and has spent considerable time, attention and care looking after them, so he will be on hand to assist with this process.”