Financial advisory firm Dow Schofield Watts has expanded its tax practice with the acquisition of Burscough-based STS Europe for an undisclosed sum.
STS Europe advises clients including UK-resident non-domiciles on matters such as inheritance tax, trusts and offshore structures, and also assists offshore banks and trust companies throughout Europe with UK tax issues.
The deal enables the retirement of owner Andy Sharp.
The acquired firm will now become part of DSW Tax Advisory, Dow Schofield Watts’ tax practice. It will remain in its Burscough office and will operate as DSW STS in the immediate future.
STS director Andrew Robinson will become a partner in DSW Tax Advisory.
Dave Waddington of DSW Tax Advisory, said: “STS has built a strong reputation for its work with high-net-worth clients and offshore trusts.
“The acquisition will bring additional expertise to DSW Tax Advisory and enable us to expand the range of services we offer. We are delighted to welcome Andrew on board.”