Cleckheaton-based accounting and business advisory firm Shenward has acquired London-based accountants John Cumming Ross Limited (JCR) and its subsidiary Jaycee Comservices Limited.
The deal will see JCR rebrand to Shenward immediately, with all employees and directors remaining in their current roles.
The acquisition is a strategic move for Shenward, aligning with its existing London-based client portfolio and network of partners, introducers, and referrers in and around the city.
The firm has been scaling its operations since 2018, when its acquired Leeds-based practice Cox, Costello and Horne. This was followed by the launch of a specialist sports, media, and entertainment division in 2020 and the purchase of a new 8,000 sq ft headquarters in Cleckheaton in 2021.
Shenward has grown on average by around 15% each year for the last five years.
The acquisition of JCR will see Shenward effectively double in size both from a team and client perspective.
Sherad Dewedi, managing partner at Shenward, said: “We set our hearts on London being the next city for us to establish a base given the growth we’ve witnessed in our client base and professional network there.
“So, when we were introduced to JCR as a potential acquirer, it immediately felt like the right move for us. The founding members have built a fantastic business, and we are proud to bring the firm and its team under the Shenward group.
“London is a global hub for financial services and a key driver of the UK economy, and so the demand for professional accounting advice and business support has never been greater. I can’t wait to see what opportunities this move presents for our team and our clients.”
Dilip Unarket, director at John Cumming Ross Ltd, said: “Having met Sherad and the wider management team and learnt about their business, I am confident that acquisition will take JCR to new heights.
“Right now, businesses are navigating complex financial and regulatory landscapes. With the extra backing of the Shenward team, our firm will be well-positioned to support the increasing needs of businesses.”
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