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14 April, 2021 - 19:50 By Tony Quested

Thoroughbred Streets shows horse sense with bloodstock expansion

Thoroughbred chartered accountancy firm Streets has formed a dedicated bloodstock business which it hopes will bring in fresh national and global trade at a gallop.

The company has an office in Newmarket, the UK home of horseracing, and has been advising the industry for many years – from riders to owners and trainers to breeders. Now it has extended its ‘stable’ by forming a dedicated agency, Streets Bloodstock.

The parent practice has other local offices in Cambridge, Peterborough, Stevenage, Bedford and Northampton.

The venture sees Streets teaming up with other firms which combined offer a number of specialisms including equestrian and bloodstock financial advice.
   
Streets sits its own expertise in the field alongside the specialisms of well-established and highly respected Newmarket practices Mill House Bloodstock Services and Peppits Accountancy, headed up by Robert Levitt and Sarah Watkins.  

Streets Bloodstock boasts dedicated accountancy and tax partners and is strongly supported by advisory teams; it is among a mere handful of firms nationally offering assurance and tax advisory services to those in the bloodstock industry.  

Streets chairman, Paul Tutin, said: “We are really excited about the new practice and the opportunity to become one of, if not the most respected firm of chartered accountants and tax advisers looking after those in involved in bloodstock. 

“Whilst many of our existing clients are local to Newmarket we envisage, given the breadth and depth of specialist sector advice we can now offer, that we will attract clients nationally and even internationally.

“We are especially pleased to be teaming up with Robert Levitt and Sarah Watkins, who along with our bloodstock specialists at Streets, come together to support clients from private individuals and sector professionals to investors and more corporate players. The new team all share a keen interest and passion for the industry with individual members having worked within it.”

Robert Levitt added: “Sarah Watkins and I have worked together for a number of years, developing a successful client portfolio of bloodstock sector clients.

“Our reputation and standing have been built on our having not only a passion for the sector but also through being able to provide the advice those in the sector need from their accountants and tax advisers.  

“We have for some time been looking at how we can meet the growing demands for our work, along with the ability to ensure we can meet the need for more specialist technical advice. 

“We are delighted to have joined up with Streets, which not only has a great reputation already in the sector, but also offers the wider breadth of services our clients old and new are looking for. 

“This includes audit, specialist tax planning, international VAT advice and wealth management.  We are really excited about the development of the practice, not just in and around Newmarket but also much further afield.”

• PHOTOGRAPH: Streets Bloodstock team (Seated L-R) – Andrew Diplock, Audit & Accountancy Director and Robert Levitt, Consultant. (Standing L-R) – Richard Moor, Audit & Accountancy Partner; Sarah Leonard, Accounts and Accounting Software Director; Paul Tutin, Chairman and Sarah Watkins, Partner.

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