The Macalvins Group is strengthening its position in the accountancy and advisory market through the acquisition of Spencer Hyde.
Spencer Hyde is a well-established Finchley, London firm known for its trusted client relationships and professional excellence.
This move marks a significant step for the independent Macalvins Group in its mission to bring its exceptional tax and accountancy services to an even broader range of clients and support the development of talented new staff members, as it grows and evolves.
By integrating Spencer Hyde into the Group, while retaining the firm’s own name and brand, Macalvins will also bolster its capabilities in key service areas including audit, tax, business advisory and private client services.
For clients of both independent accountancy firms, this means a deeper selection of expertise from the people they already know and trust
Tariq Husain, CEO of The Macalvins Group, said: “This announcement marks another important milestone within Macalvins Group’s growth strategy as we continue to seek out the right acquisitions of the strongest independent accountancy firms in the UK.
“Spencer Hyde is an extremely well-respected firm with an exemplary reputation for client service, and it’s wonderful to be able to welcome them into the Group.
“Together, I am convinced our clients will continue to thrive, and our colleagues prosper, as we create even greater impact in the accountancy and business services space.”
Spencer Hyde brings decades of experience and a strong local presence to the Macalvins Group. Its team will remain in place and continue to operate from Finchley, with no disruption to day-to-day services.
The merger creates an opportunity to invest further in innovation, training, and technology, to ensure that Macalvins and Spencer Hyde clients receive the best guidance.
Antony Youselli, Director at Spencer Hyde, said: “There was much interest in our firm, but joining forces with Macalvins Group was the most exciting decision we could make.
“It further sets our clients up for success, with a broader set of services, increased investment in technology and even more talent to call upon.
“For our colleagues, the increased career opportunities and training and development we are now able to provide means it is a very real cause for celebration.”
“Tariq and I had immediate chemistry, and we truly valued that Macalvins Group is independently owned”
The Macalvins Group is committed to achieving growth that is strategic, thoughtful, and focused on client outcomes.
This latest acquisition forms part of a broader expansion strategy, which will see the Group look to acquire additional practices in the coming months and years.
To find out more about the Macalvins Group, please contact us.