Shenward Expands London Presence with Strategic Acquisition
Deal News | Mar 10, 2025 | B Daily
Shenward, an accountancy firm headquartered in Cleckheaton, has announced its acquisition of John Cumming Ross and its subsidiary Jaycee Comservices, effectively doubling its team and client base. This acquisition marks a significant milestone in Shenward's growth plan, which includes adding two more accountancy practices by 2030. The acquisition will see John Cumming Ross rebranding to Shenward while retaining its employees and directors. Led by Managing Partner Sherad Dewedi, this strategic move taps into rising demand in London, a key hub for financial services. The acquisition was backed by Lloyds Banking Group, with legal assistance from Eaton Smith. Dilip Unarket, a director at John Cumming Ross, expressed confidence that this merger will allow the firm to better assist businesses in navigating complex financial and regulatory environments.
Sectors
- Financial Services
- Professional Services
Geography
- United Kingdom – Shenward is headquartered in Cleckheaton, and John Cumming Ross is based in Harrow, London, both located in the UK.
- London – The acquisition expands Shenward's presence in London, a key global financial hub.
Industry
- Financial Services – The acquisition involves accountancy firms, a core component of the financial services industry.
- Professional Services – Both Shenward and John Cumming Ross are involved in professional services, providing accountancy and consultancy.
Financials
- Not specified – The financial details of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shenward | Acquirer | Company | An accountancy firm headquartered in Cleckheaton, UK. |
| John Cumming Ross | Target Company | Company | An accountancy firm based in Harrow, London, UK. |
| Jaycee Comservices | Subsidiary | Company | A subsidiary of John Cumming Ross. |
| Sherad Dewedi | Managing Partner | Person | Managing Partner at Shenward. |
| Dilip Unarket | Director | Person | Director at John Cumming Ross. |
| Lloyds Banking Group | Fund Provider | Company | Provided funding for the acquisition. |
| Eaton Smith | Legal Advisor | Company | Provided legal services for the acquisition. |