CBPE is pleased to announce the merger of SME accountancy firm BKL with Wilson Wright from 2 April 2024.
BKL is a top 50 accountancy firm and Wilson Wright is a leading City of London based accountancy firm. Both firms specialise in supporting fast-growing owner-managed businesses, SMEs, entrepreneurs and high net worth individuals by providing specialist accountancy, tax and business advisory services.
The two firms have a long history of working together and have built a strong relationship over many years. As a result of this deal, the combined business will have two well-established bases in London: BKL’s office in North London and Wilson Wright’s office in Central London. Together they will have a team of over 400 people, including 39 partners, and a combined turnover of £46 million.
BKL has been on an ambitious growth path since partnering with leading private equity investors CBPE in April 2023. This deal comes on the back of three successful BKL mergers in the past year: chartered accountants Landau Baker, virtual finance team specialists CFPro and chartered accountants Alan Heywood & Company.
It’s very exciting to share news of this new chapter for BKL and Wilson Wright. Our discussions, which were incredibly positive from the start, have confirmed how much we have in common: our supportive cultures, our values, the quality of our clients and the excellence of our teams. This is a significant next step for both our businesses. I’m looking forward to everything we’ll achieve together as we continue investing in our people and our clients.
At Wilson Wright we have been exploring the best way to continue to develop and future-proof our business so that we can further enhance our client offering. We have known BKL for many years, and we share their ambitions for the future. Their purpose, drive, and desire to ensure they remain a responsible employer resonate strongly with us. It became clear from an early stage in our discussions that our two organisations are very much aligned, and we are looking forward to coming together as one team. We are excited about the possibilities that lie ahead for both of our teams to learn from each other, develop a stronger offering and add increased value to our clients.
Having partnered with Lee and the BKL team a year ago, we are delighted for Adam and the Wilson Wright team to be joining us on the next stage of the journey. It is clear that both firms share a strong employee culture and values, with a commitment to quality that results in exceptional client service. The SME accountancy market is going through a period of transition, and together the firms are ideally placed to capitalise on the exciting opportunities this presents for both colleagues and clients.
About BKL
BKL is a top 50 firm of chartered accountants and tax advisers based in North London.
BKL specialise in helping owner managed businesses, entrepreneurs, high net worth individuals and families. Their clients benefit from deep expertise in many sectors, including property, construction, financial services, not-for-profit, and music, media, sport & entertainment.
BKL’s services include tax consultancy, audit, assurance, accounts, corporate finance, outsourcing, payroll, private client advice, and a growing number of consulting services, including commercial finance, IT, and sustainability.
In April 2023 BKL took private equity investment from CBPE. Since then, BKL has completed three acquisitions: Landau Baker, academy specialists; CFPro, virtual finance team specialists; and Alan Heywood & Company, a music, media & entertainment sector firm of accountants.
BKL is committed to growing in a sustainable way. As a certified B Corporation (B Corp), they are verified as a business that acts with consideration for people, planet and purpose, not just profit.
Last year, BKL won Best Employer in Tax at the Tolley’s Taxation Awards 2023, and Tax Team of the Year at the Accounting Excellence Awards 2023.
About Wilson Wright
Wilson Wright is an accounting, tax and business advisory firm based in the City of London with origins that go back over 130 years. Many of their client relationships span generations and decades.
Being a longstanding and active member of DFK International, a worldwide association of independent member firms, enables the team to deliver international and cross-border advice to their clients.
Traditionally an accounts, assurance and audit-focused firm, in the last decade they have developed a range of highly specialised tax services including, international and national tax structuring, tax risk and dispute resolution and tax transactions.
Wilson Wright’s client base includes high net worth individuals, international sports personalities, renowned entrepreneurs, sole traders, and multinational groups. Their sector expertise ranges from fast-growing technology and environmental start-ups to family offices, property, professional services, charities, sport, media, and the arts.
Wilson Wright is recognised and ranked in Chambers & Partners High Net Worth Guide for Accountants and Tax Advisers, ePrivateClient Top Accountancy Firms, and as a Tolley’s Taxation Awards finalist in 2023. They were also listed in the Sunday Times Best Places to Work 2023.
Wilson Wright is proud to be a people-centric, proactive, professional advisory firm, where heritage, trust and partnership are at the heart of what they believe in. Their culture fosters a close-knit environment that provides support, guidance and the motivation required to deliver complex and exceptional work for the benefit of clients.
About CBPE
CBPE is a leading UK private equity firm which pursues a disciplined and consistent investment strategy, targeting buy-outs and development capital investments in UK-headquartered businesses with enterprise values up to £150 million. Since 2000, CBPE has made over 60 such investments from five funds.
BKL represents one of eight investments out of CBPE Fund X, which closed at the hard cap of £561m in November 2020.
For more information, please get in touch with Adam Richardson.
