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Fast growth Storeys link up with Ernst & Young.

Flooring firm Storey Carpets is teaming up with Ernst &Young to help its expansion plans.

Management at Washington-based Storey's say the link-up comes at a time of rapid growth which has seen it quickly build up a chain of 42 stores.

John Cattell, Storey's financial director, said: "It is important for us to be able to have access to a greater depth of financial advice and to be confident in the quality of that advice so that we can continue to grow and develop as efficiently as possible.

"Ernst & Young has a strong international reputation as tax and business advisers and we believe they have an important role to play in our way forward.

"We have a very proud history as a regional family-led business, but the scale of our operations has lead us to team up with a bigger player in the shape of Ernst & Young, who can help us with both specialist advice while also having a much broader knowledge and experience of UK companies of our size."

John Cattell will be working closely with David Mattu at Ernst &Young's Newcastle centre. David said: "It's a tremendous compliment to Ernst & Young to be working side by side with Storey Carpets on such crucial matters to its business performance."

Mark Hatton, office managing partner at Ernst & Young in Newcastle said: "At Ernst & Young we are very proud of our abilities to work with and add value to ambitious, fast growth entrepreneurial companies and I look forward to leading our team to work with Storeys as they go from strength to strength."

Storey chief executive, Simon Heptinstall, said: "The partnerships we continue to develop with companies such as Ernst & Young proves our growth is no overnight sensation."
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Copyright 2005 Gale, Cengage Learning. All rights reserved.

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Publication:The Journal (Newcastle, England)
Geographic Code:1USA
Date:Aug 24, 2005
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