Streets Chartered Accountants has expanded its specialism for looking after those in the bloodstock industry using the formation of Streets Bloodstock.
With an office in Newmarket, the home of horse racing, Streets, a top 40 UK accountancy practice, has looked after those engaged in bloodstock for many years, from riders to owners and trainers to breeders.
Recognising the advantage of developing specialist sector teams, the firm has sought to subscribe with other firms offering a number of specialisms including equestrian and bloodstock.
This latest move sees the coming together of Streets’ own expertise with this of the well-established and highly respected Newmarket practices of Mill House Bloodstock Services and Peppits Accountancy, headed up by Robert Levitt and Sarah Watkins.
Streets Bloodstock, using its dedicated accountancy and tax partners and based on advisory teams, is amongst only a handful of firms nationally offering assurance and tax advisory services to people in the bloodstock industry.
Commenting on the formation of Streets Bloodstock, Streets Chairman, Paul Tutin, said: “We are really excited about the new practice and the opportunity to become one of, if not the most respected firm of Chartered Accountants and tax advisers looking after those in involved in bloodstock.
“Whilst many of our existing clients are local to Newmarket we envisage, because of the breadth and depth of specialist sector advice we can now offer, that we will attract clients nationally as well as internationally.
“We are especially pleased to be teaming up with Robert Levitt and Sarah Watkins, who together with our bloodstock specialists at Streets, combined efforts to support clients from private individuals and sector professionals to investors and much more corporate players.
“The new team all share a keen interest and passion for the industry with individual members having worked within it.”
When asked about the formation of Streets Bloodstock, Robert Levitt, said: “Sarah Watkins and I have worked together for a number of years, creating a successful client portfolio of bloodstock sector clients.
“Our reputation and standing happen to be built on our having not just a passion for the sector but additionally through being able to provide the advice those in the sector need using their accountants and tax advisers.
“We've for some time been looking at how we are able to meet the growing demands for the work, along with the ability to ensure we can meet the need for more specialist technical advice.
“We're then delighted to have signed up with Streets Chartered Accountants, who not just have a great reputation already in the sector, but offer the wider breadth of services our clients old and new are looking for.
“This includes audit, specialist tax planning, international VAT advice and wealth management. We're really excited about the development of the practice, not only to and around Newmarket but also much further afield.”