SKIPTON accountants, business and financial advisers Armstrong Watson has acquired Eura Audit of Northallerton.

The merger strengthens the firm’s position as a leading adviser to businesses across North Yorkshire and is in line with Armstrong Watson’s strategic aim to become the ‘go to firm for family and owner managed businesses in the North of England and Scotland’.

The move comes after Eura Audit Partner, Peter Tarren, made the decision to retire and sought a practice that would provide a good cultural fit for his clients.

Mr Tarren said: “For some time now I have been considering retirement, but it was essential to me that I find the right firm to take on my clients, that would offer continuity and the high level of service we have always strived to provide.

"I chose Armstrong Watson as I believe that they are a good fit culturally and match the type of work we do and the clients we serve. I also believe that going forward they will be able to provide support in areas we have not previously been able to.”

All five remaining Eura Audit staff will join Armstrong Watson at its Northallerton office - based at York House, Thornfield Business Park.

Established back in 1867, the firm has a strong presence in the North, with 16 offices across Yorkshire, Northumberland, Cumbria and Scotland offering a full remit of tax, audit and accountancy services, alongside payroll, restructuring, recovery and insolvency, corporate finance, forensic accounting, strategic business advice, client technology and financial planning and wealth management.

Commenting on the merger, Paul Dickson, Armstrong Watson Managing Partner and CEO, said: “We are delighted to welcome the clients and colleagues of Eura Audit to our Northallerton practice. This merger combines two firms of similar culture, with complementary practice strengths and sector expertise.

"We hope that by offering an increasing range of specialists and advisers, we will ensure that we continue to provide local businesses with tailored, proactive support and advice essential for profit and growth.”

Michael Walby and Anna Lovett, of Burnetts Solicitors, advised Armstrong Watson on the legal aspects of the transaction.

Mr Walby said: “We are very pleased to have advised Armstrong Watson on this acquisition which strengthens its existing offering in North Yorkshire. We wish them every success in developing the business further.”

Armstrong Watson continues to grow in the region, last year opening an office in Newcastle and a year earlier acquiring Haines Watts’ Glasgow practice.

Speaking of the firm’s aspirations, Mr Dickson added: “This acquisition is a culmination of continued growth, both organic and through acquisition, cementing our position across the North of England and Scotland as the ‘go to’ firm for family and owner-managed businesses.”