Smithers Purslow (SP) has acquired its northern/Wales-based counterpart, Byrom Clark Roberts (BCR), increasing staff numbers to over 100 working from 10 locations across the UK
Nine employees based at Smithers Purslow’s office in Nottingham will now work alongside colleagues in Chester, Exeter, Glaston, Leeds, Llandudno, London, Manchester, Newcastle and Reading.
The buy-out, completed at the end of October, follows a period of growth for Smithers Purslow. In five years turnover has grown by 25% per annum – from £1.7m in 2014 to £5.1m – and the firm’s directors are confident this acquisition will propel turnover to £8m in the next two years.
SP’s core business is handling complex insurance claims and solving challenging construction/ property issues and legal disputes. BCR works outside the insurance sector offering similar services, including expert witness support and architectural consultancy.
SP director, Mike Boast, commented: “BCR is the perfect fit for us – the firm’s well-established in the north while we have a strong presence in the south and midlands – giving us a bigger UK footprint. We’ve known and worked with BCR for 20 years and the sectors they operate in complement our key areas of focus.
“Our proven ability to manage and simplify complex building issues has enabled us to avoid the economic stalemate caused by Brexit uncertainty and consolidate what is already a thriving business, broadening the services and support we’re able to give clients.”
The new board now comprises SP directors Andrew Bussey and Stephen Fraser alongside Byrom Clark Roberts directors Paul Vipond, Andrew Gooud and Shona Penfold.