Midlands merger for accountants

Armstrong & Co Accountants

A chartered accountants based in Coventry & Warwickshire has merged with a practice in the East Midlands.

Armstrongs Chartered Accountants have merged with Hinckley-based firm Lester & Co, as part of its expansion strategy for Leicestershire.

The Hinckley venture, known as Armstrongs Lester & Co, means Armstrongs now have three offices across the Midlands.

Mark and Michael Lester who have run Lester & Co since they took over from their father in the 1980’s, decided that the time had come to prepare for their retirement. The merger is part of their succession plan to exit the business.

Mark Lester said “There were a number of options available to us, but with a longstanding client base, we wanted to ensure that our clients would be well serviced after our departure.

“Armstrongs is highly regarded across the Coventry & Warwickshire area and shares similar values to Lester & Co, so was the perfect fit.”

Paul Farmer, Director at Armstrongs Lester & Co, said: “As a firm, we have been looking to have a presence in Leicestershire for some time. So, when the opportunity arose to take over Lester & Co, we knew this would be the ideal route to grow our practice.”