A newly formed accountancy firm based in the West Midlands has made its first acquisition.

BK Plus, which was recently set up by David Baldwin and Shaun Knight, has bought Chapman Nash accountancy based in Warwickshire.

The deal will allow BK Plus to expand its services to businesses north and south of Birmingham, while also allowing Chapman Nash to enhance its offering as part of the group.

BK Plus, which is headquartered at Walsall Business Park, was recently launched to support SMEs, owner-managed businesses, and larger corporates.

The acquisition comes after the firm was joined by more than 40 staff within the first three months in response to demand from businesses of all sizes seeking support.

Jeremy Chapman, of Chapman Nash, said the move would bring benefits to all involved.

He said: “We are pleased to be joining forces with another firm which has a similar philosophy to us in how we look after clients.

“Joining together with a larger organisation offers new opportunities, while allowing us to keep some autonomy in the Warwickshire office.”

The acquisition will see Chapman Nash’s office rebranded, with the objective to bring in more staff and clients.

The firm, established in 2008, offers a wide range of general and specialist financial services and advice from its offices in Barford, near Warwick.

Emma Nash added: “In teaming up with BK Plus we shall not only continue advising our valued client base but also, with the additional support, strengthen and expand our services to both existing and potential businesses.

“We are looking forward to being part of a successful, progressive firm offering valued advice and services to businesses and individuals across the Midlands region.”

Emma and Jeremy will continue to head up the Warwick office. In addition Jeremy will also form part of BK Plus’ tax team as a Chartered Tax Adviser, assisting with personal, corporate and capital gains tax issues.

BK Plus provides a wide range of business advisory services, such as accounts, audit, taxation, bookkeeping and payroll, through to corporate finance and other specialist advice.

The venture led by David and Shaun comes off the back of their success at Baldwins – now known as Azets – where they helped to transform the business to become a top 10 accountancy firm with more than 95 offices nationwide.

Shaun, co-founder of the firm, said: “We are delighted to have agreed the acquisition of Chapman Nash as we enhance our offer to businesses across the Midlands.

“It is fantastic to join forces with such a well-respected firm in our first major acquisition, so soon after launching the business.”