By Maximilian Clarke

Seven regional accountancy practices, including South West-based Milsted Langdon, have joined forces to launch a new service providing specialist corporate finance expertise to smaller firms.

Goldsmiths Corporate Finance aims to help smaller accountancy practices by enabling them to offer the corporate finance services they are not normally able to provide to their clients.

The network is the brainchild of Ron Goldsmith, managing director of the Goldsmiths Group, who has helped many practitioners across the country with mergers and acquisitions of accountancy firms.

Practices which refer assignments to Goldsmiths Corporate Finance can benefit from a wide range of services, including mergers and acquisitions, disposals, management buy-outs and buy-ins, development capital, raising finance, business valuations, transactional tax advice and due diligence.

Jonathan Langdon, chairman of Milsted Langdon, the network’s nominated firm for the South West, said: “While many smaller firms offer day-to-day audit, accounting and tax compliance services, they may not have the necessary expertise or resources to advise a long-standing client who wants to buy or sell a business.

“Rather than their clients having to look elsewhere, including going directly to corporate finance providers who may not provide them with the best service, Goldsmiths Corporate Finance enables these smaller firms to work with a firm offering the specialist expertise they need without threatening the trusted relationship they enjoy with their clients.

“Goldsmiths Corporate Finance firms have a wealth of experience in this area and understand the requirements of advising owner-managed businesses and smaller managed entities. Smaller accountancy firms can even choose whether to remain involved in the transaction or hand it over to a specialist.

“At Milsted Langdon, we are delighted to be involved in an initiative which enables us to use our expertise to help more business owners achieve the results they desire.”

Other firms involved in the network include PEM Corporate Finance, in Cambridge; Clarkson Hyde, in Cardiff; Duncan Sheard, which has offices in Liverpool, North Wales and Southport; Harwood Hutton, in Beaconsfield, Buckinghamshire, and Champion & Co, based in Manchester.

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