Accountancy firm Old Mill acquires 65-year-old Yeovil firm Rendalls
South West financial experts Old Mill have acquired Yeovil-based family accountancy firm Ivan Rendall & Co.
Established in 1956 by Ivan Rendall, Rendalls is one of the longest-established accountancy firms in Yeovil and services businesses of all sizes and across a wide range of sectors including agriculture, construction, manufacturing and retail.
It is currently run by Ivan’s youngest son Stephen, 61, who has been Managing Director since 2011.
Stephen needed to find a new home for the business if he was to be able to retire and chose Old Mill because of its people-centric approach, broad range of expertise and excellent career development opportunities for staff.
Kevin Whitmarsh, head of accountancy at Old Mill, said: “When you own and run a successful family firm like Rendalls, the decision to retire is not an easy one, as you are so invested in the business – both in terms of the clients and staff. You need to know that they will be as well looked after by the new business as they were with you.
“At Old Mill, we are known for our personal, professional, and friendly approach and our commitment to putting our clients’ needs at the heart of everything we do. This is a philosophy we share with Rendalls and is why we are confident that this acquisition is going to be so successful.”
Old Mill was formed following a buyout in 2006, but its roots go back to the 1920s. The business currently employs 300 staff across its four offices in Yeovil, Wells, Exeter and Melksham, offering services to more than 5,000 clients. The Rendalls acquisition will bring around 500 accountancy and tax clients into Old Mill’s 17-strong Yeovil-based owner managed businesses team.