Two Stratford-upon-Avon accountancy practices have merged with support from Lloyds Bank Commercial Banking.
Grenfell James Accountants and Accountax Services have joined together to become Grenfell James Associates after board members identified the opportunity to combine the two companies in order to expand the services on offer to its clients.
Both firms have a long history in Warwickshire, with the two businesses operating for more than 20 years each, building up a combined client base of more than 500 customers across the UK.
As a result of the merger, turnover is expected to increase by 30 per cent this year.
Chris Wood, director at Grenfell James Associates, said: "The combination of the two companies is a positive move for both businesses as it will allow firms to combine the differing expertise and knowledge to offer an even greater level of support and service to clients.
"As a result of the merger, we now offer a full suite of accountancy services from book keeping to outsourced finance director roles, as well as a specialist tax department, HMRC investigation protection and wealth management services."
To help fund the merger, the board approached Lloyds Bank Commercial Banking which provided the business with a working capital facility, enabling it to successfully rebrand the business.
Mr Wood added: "We have had a relationship with Lloyds Bank Commercial Banking for more than 20 years and the bank has continually supported us throughout the business' growth and development.
"The working capital facility has been a vital support during the merger, contributing towards the combination of the two companies and creating a smooth transition for everyone involved."
Jon Colebrook, relationship manager at Lloyds Bank Commercial Banking, said: "We have had a relationship with both businesses for more than 20 years and have supported them at various stages of their development.
"When the board approached us to secure the working capital facility, we immediately recognised the benefits that would come with the two practices combining, both for its clients and employees."