Ashcroft Partnership LLP opens for business, current and new
The partners of the Cambridge office of BKL have completed a buyout of the Cambridge business from BKL and the office now trades as The Ashcroft Partnership, or Ashcroft.
Under the terms of the deal, all the Cambridge based staff and clients have transferred to Ashcroft.
Partners Dominic Anthony, Adrian Wilson, Tom Gallop and Richard Crane are joined by Angie Sleat, who was promoted to Partner on completion of the transaction.
The five-partner firm, that will continue to operate from its existing base at Flint Cross, south of Cambridge, will focus on business and tax advisory work, corporate finance and a family office service. It will also boast one of the leading private client teams in the region.
Last year the business acquired Green and Purple, a virtual finance office and CFO outsourcing business, based near Ely. Green and Purple has also transferred to Ashcroft and will work increasingly closely with the Ashcroft team and its clients.
The original business was founded by Dominic Anthony and Adrian Wilson in 2006 and traded successfully as Ashcroft Anthony until 2016, when it merged with London firm BKL.
Ashcroft’s core business is helping entrepreneurs, businesses and families realise their goals and enjoy success. Ashcroft will provide the highest quality service in its chosen areas of specialism: business and tax advisory, Corporate Finance and Private Client.
The firm will give senior attention and care to all client relationships. The intention is to help clients bring about order and change, with a strong reliance on technology to maximise efficiency and communication.
Nearly 40 professionals work from the Ashcroft office at Flint Cross although most are working from home while the Covid-19 pandemic continues.
As Dominic Anthony explained, now was the right time to reclaim independence and accelerate growth in selected areas of expertise.
“We are thrilled to be embarking on the next chapter of our business evolution with the launch of Ashcroft.
“We have exciting plans to develop and grow each of our focussed offerings and build on our already-strong client base. We have served many of our clients for a very long time and are delighted that they have all transitioned with us.”
The driver behind the demerger is in part a desire to focus on advisory rather than the compliance services of a traditional Chartered Accountancy firm.
Whilst compliance will always be part of any full-service firm, Ashcroft will focus on the areas where it adds value to its clients by expanding and developing its advisory services to businesses, private clients and entrepreneurs.
The team is well-known in the Cambridge business community and works closely with other leading professionals to deliver joined up solutions to complex clients. Collaboration and partnerships will be a cornerstone of their approach to helping their clients access the best Cambridge has to offer.
People are at the heart of any successful professional services firm, and Ashcroft intend to invest heavily in creating advisors of the future, whilst continuing to successfully attract the best talent with a desire to focus on their areas of expertise.
Ashcroft plans to relocate to new Cambridge premises later in 2020, marking another exciting milestone in the evolution of the business. Located close to central Cambridge and within striking distance of the high-growth business development areas in the city, these premises will afford Cambridge-based clients (who represent over 50 per cent of the current Ashcroft base) much greater access to the business as a whole.
The acquisition of Green and Purple represents a significant opportunity for Ashcroft and their clients alike: the intention in 2020 is to drive greater integration of G&P with the core Ashcroft offering, to ensure that the Ashcroft client base can take advantage of a quality virtual finance office function led by experienced CFO’s.
However, the most important contributor to Ashcroft’s continued growth, Dominic maintains, will remain its current client base: “We have served many of our clients for a very long time and they are what make life interesting and enjoyable. We are delighted that all are transitioning with us and the firm will always be about continuing to help our clients realise their ambitions.”