NWN Blue Squared, the specialist accountants who work in the music industry, has announced a merger with East London-based accountancy firm and business advisors, Raffingers.
The deal, which moves Raffingers into the Top 75 of UK accountancy firms (based on fee income), will expand the scale of services provided by NWN to its portfolio of clients, particularly in music, publishing, film and TV production.
The portfolio will be managed under the Raffingers NWN Music, Media & Entertainment banner. It will provide clients with direct access to Raffingers’ wealth management, business funding, tax, cloud accounting and R&D services.
Accountancy is one of the growing areas of the music business, which is why an accountancy awards category has been added to the 2018 Music Week Awards, entries for which are open until January 12. The Accountancy Firm Of The Year award is open to any firm with clients in the B2B music industry. Nominations for all categories must be made via the Music Week Awards website, musicweekawards.com.
The 20-strong NWN staff will add music experience to the existing Raffingers team, including expertise in tour accounting, festivals, alternative business funding for film and music, and strategic advice for creative businesses.
Raffingers’ managing partner, Gary Inglis, said: “This merger is a positive end to 2017 and offers an exciting New Year. NWN has created a very strong brand, with a passion for the music and the creative sector, along with a personal approach to accountancy – something we, and our clients. value extremely highly.”
NWN Blue Squared director, Ed Niman, added: “Our growth beyond just music and into the creative sector has exceeded our expectations. Now, our clients will benefit from a combination of specialist expertise and a stronger pool of advisors, systems and services.”
Niman recently took to the pages of Music Week to outline his vision for how exactly how music clients should go about working on a business plan to secure the best results.