Wilkins Kennedy Converts to LLP Status
Wilkins Kennedy, the UK’s 21st largest accountancy firm, has become a limited liability partnership (LLP) today (1 May).
The 130-year-old firm adopted the new legal structure to attract new business.
Managing partner, David Fenn, said: ‘An LLP is a more modern and transparent structure that is attractive to those new partners and teams that we take on to help our clients deal with the issues that their organisations face.
‘We have grown strongly over the past few years, partly through organic growth and partly through attracting merger partners. We want to continue that process of bringing in the most talented individuals to ensure that our clients are getting the very best support that they can.
‘We are a very financially strong and stable firm and part of the attraction of the LLP conversion is that interested parties will be able to look at our accounts and see how stable we are. That is useful for both our business partners and potential recruits.’
The £28m turnover firm has 12 regional offices, 56 partners and around 400 employees.
- Xero Reports Revenue Growth of 36% in the FY 2019
- FASB Provides Financial Institutions with Fair Value Option to Ease through the CECL Transition
- Kraft Heinz Reveals $181m in Accounting ‘Misstatements’
- KPMG Hit with a £6m over Audit of Lloyds Syndicate
- Property Dealer Banned over £5.6m Accounting Failure
- ETL UK Snaps up SRLV Business Advisory and Accountancy Firm
- Government Publishes Draft Regulations on Directors’ Remuneration Policy Changes