Wealth manager and professional services group Evelyn Partners has acquired Ashcroft Partnership LLP in Cambridge.

Ashcroft is a growing firm of Chartered Accountants and tax specialists serving the East of England. 

The firm offers a range of assurance, corporate finance, business and personal tax services.

The price of the deal has not been revealed.

Ashcroft specialises in landed estates, farming and agriculture, real-estate, the leisure and hospitality sector and supporting technology entrepreneurs. It has a team of 40 staff.

Andrew Wilkes, chief professional services director of Evelyn Partners, said: “We are delighted to have reached an agreement to acquire Ashcroft Partnership LLP.

Dominic Anthony, Tom Gallop and Adrian Wilson have built a highly respected firm with a great client base and one which is a very complementary fit with Evelyn Partners both in terms of expertise and culture. Like Evelyn Partners, Ashcroft is committed to building productive and lasting relationships that add real, discernible value to clients. 

“Strategically this acquisition will further develop our professional services  presence in the East of England, supporting our ambition of being able to provide our range of professional services to businesses and private clients right across the UK. I look forward to welcoming the Ashcroft team to the partnership group, where their  expertise and experience will be a great asset to us in developing our professional services offering in the East of England.” 

Adrian Wilson, senior partner and founder of Ashcroft Partnership LLP, said: “Ashcroft has been on an amazing journey since 2020. We always had a fast-paced growth strategy and when we were approached by Evelyn Partners it was clear that their commitment to developing the professional services offering in the East of England aligned with our own ambitions.”  

Evelyn Partners was created following the merger of wealth managers Tilney and Smith & Williamson in 2020. It has £53bn in assets under management and offices in 28 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands. It provides a range of financial and professional services to individuals, family trusts, professional intermediaries, charities and businesses.