ClearSky Accounting, part of ClearSky Business, has acquired the accountancy arm of Bridgewood Financial Solutions for an undisclosed sum following a two-year partnership between the firms, which both specialise in the pub sector
Up until now Bridgewood has provided account management functions, interacting with publicans and pub companies, with ClearSky responsible for the core accountancy capability for over 300 publicans and pub companies.
Bridgewood’s existing clients, along with all pub-focused accountancy staff, are being transferred across to ClearSky which will now deliver all accountancy services for pubs under one brand.
Derek Kelly, ClearSky managing director, said: ‘This is a logical and exciting acquisition for us. The arrangement with Bridgewood has worked well since 2012, but we both decided that the best way to enhance our offering would be to operate through one entity.
'ClearSky is committed to the pub sector, and this deal will create opportunities for efficiencies and improvements.’
Robin Tarling, Bridgewood managing director, said the two firms would continue to work together closely to support clients in financial difficulty, with a focus on providing debt advice and solutions.
ClearSky, part of the Optionis group, has offices in Cheshire, Greater Manchester, Dorset and London.
