South West financial planning and accountancy firm Old Mill has bought Yeovil-based accountancy company Rendalls for an undisclosed fee.
Stephen Rendall, managing director since 2011 at the firm and son of founder Ivan, will take an ambassador role at Old Mill for six months after the acquisition to help embed staff and clients with the new owner's practices. Old Mill employs 300 staff across its Yeovil, Wells, Exeter and Melksham in the South West and the firm seemed to take little notice of economic interruption and uncertainty during the pandemic, hiring 17 new employees in September 2020. The acquisition of Rendalls will add 500 accountancy and tax clients to the firm and they will join the 17-strong team at Old M...
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