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Hentons extends national reach with London merger

Coverage received in: Yorkshire Post, Accountancy Daily, Insider, Business Desk

Accountancy and advisory firm Hentons is supporting its national expansion plans by merging with London practice C. C. Panayi & Co LLP.

The London firm was founded by Chris Panayi, whose passion for music helped develop an entertainment industry specialism that now works with many leading artists both domestically and internationally.

The move follows a year of growth for Leeds headquartered Hentons that saw it expand both the client base and geographical footprint across North Yorkshire with the addition of two new offices in York and Thirsk.

Hentons now has a team of over 100 across five offices focusing on business advisory, audit, accounts, tax planning and wealth management. Hentons has expanded its presence in the  entertainment sector with one of the largest specialist teams in the region.

The firm has invested in new technology and grown its tax operation to help support a growing client base and the changes under the government’s ‘Making Tax Digital’ (MTD) plans.

Lloyds Bank Commercial Banking has provided Hentons with a funding line to support the merger. It follows the bank providing a multi-million-pound facility to assist Hentons’ previous round of acquisitions earlier this year.

Commenting on the merger, Nadeem Ahmed, managing partner of Hentons, said: “We have taken another step to accelerate our expansion plans and merged with the highly respected London based firm of C. C. Panayi & Co LLP. Recognised as one of the top accountancy firms in the music world, as featured in the Centtrip Music Legal & Accountancy 50 almanac, the London based team is highly regarded in the entertainment sector, and the experienced management team operates internationally.

“The move strengthens both teams by expanding geographical reach and providing a deeper mix of skill sets and experience. Hentons now strengthens its position as a UK top 100 accountancy firm with expertise covering a diverse range of sectors.”

C. C. Panayi was founded in October 1980 in which Chris Panayi combined both the creativity of the music industry and the acumen of solid business management to grow an impressive roster of clients from around the world. Based in Camden Town, one of London’s most recognised hubs for creativity, it works with an impressive musical client base ranging from artistes and record producers to recording studios and labels. Hentons Panayi also holds expertise in an extensive list of other music and entertainment related businesses including theatres, writers and photographers.

Emeli Sandé, four times Brits winner with multi-million records sales, said: ‘’The whole team at Hentons Panayi are more than just accountants. They fully understand the importance that business management plays in the music industry.’’

Guy Chambers, English songwriter, musician and record producer, who has worked with many international artists including Robbie Williams, Kylie Minogue and Tina Turner, said:  “The team at Hentons Panayi understand the unique demands of the entertainment business and really go the extra mile to support artists. I look forward to working with the larger team.”

Chris Panayi said: “We have been looking to partner with another firm which would enable us to enhance and add to the services that we have so far provided. Hentons is a firm that shares our ethos, professionalism and client care qualities and together, we can provide the first-class digital tools and a breadth of expertise that will add significant value to our clients. I and my partners, Effie Charalambous, Emma Panayi, George Antoniou and Iulia Rojcova, are greatly excited by the amalgamation, and the opportunities that being part of Hentons will develop in the future.”

The London based team supports a broad spectrum of professionals, service providers and trades of all descriptions. Its client base and experience are international with clients in Australia, New Zealand, America, Canada, and throughout Europe.

Lee Rycraft, relationship director at Lloyds Bank Commercial Banking, said: “Hentons has enjoyed rapid growth over the last year, with its latest merger offering the firm an excellent footing in the London market and a new sector.”

Hentons supports the development of its clients' businesses with a partner-led and multi-disciplinary range of skills and consultancy services. Clients benefit from a sector-led approach that ensures fresh thinking and constructive challenges with a practical understanding of the issues they face.

ENDS

Coverage received in: Yorkshire Post, Accountancy Daily, Insider, Business Desk

Notes to editors:

Acknowledgement and thanks are given to the legal advisory team at Weightmans and Beale and Company.

About Hentons

Hentons works with a diverse range of clients from SMEs to mid-sized corporates and high net entrepreneurs across all sectors in areas of audit, accountancy, advisory, and tax. With an entrepreneurial spirit and client focus at its core, Hentons focusses on building sustainable business success for its clients. It operates a number of specialist sector divisions including property, entertainment, healthcare, technology and manufacturing as well as a dedicated team of financial advisers offering services in wealth management.

About Lloyds Bank Commercial Banking

Lloyds Bank Commercial Banking provides comprehensive expert financial services to businesses of all sizes, from start-ups and small businesses to mid-sized businesses and multinational corporations.

Maintaining a network of relationship teams across the UK, as well as internationally, Lloyds Bank Commercial Banking delivers the mix of local understanding and global expertise necessary to provide long-term support to its clients.

Lloyds Bank Commercial Banking offers a broad range of finance beyond term lending, and this spans import and export trade finance, structured and asset finance, securitisation facilities and capital market funding. Its product specialists provide bespoke financial services and solutions, including tailored cash management, international trade, treasury and risk management services.

For further information contact Nathan Lane on 07447 921654 or 0113 4266487.

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