Bosses at one of Kent’s largest accountancy firms were entitled to a £1.9 million payday, newly filed accounts show.

“Key management” at Canterbury-based Kreston Reeves were able to take part of the sum, which has never before been published, according to documents filed at Companies House.

The firm, which also has offices in Chatham and Sandwich, increased revenues by 5% to £22.9 million in the year to the end of May.

Pre-tax profits inched up 1% to £7.2 million at the company, which audits accounts for many of Kent’s most high-profile businesses.

The results cover the financial period just before its merger with South East accountancy Spofforths, which was finalised in June.

The deal gave the business 50 partners – up from 39 – and more than 450 staff spread across 10 locations.

The largest individual entitlement was £365,690.

Overall, £6.9 million was divided out between partners.

Many members of the 11-strong management board, which meets monthly to discuss strategy, chose to reinvest part of their profit share back into the business.

“Despite the headwinds of a difficult wider economy and a major merger, Kreston Reeves has managed to grow..." - Andrew Griggs, Kreston Reeves

The board includes Mr Fright, senior partner Andrew Griggs, chairman Clive Stevens and Kreston Reeves Financial Planning managing director David Hurst.

It also features Richard Spofforth and Bryan Elkins, who joined from Spofforths in June.

Profits at the firm are shared out among members of its limited liability partnership, the name of its corporate structure.

Mr Griggs said: “Despite the headwinds of a difficult wider economy and a major merger, Kreston Reeves has managed to grow.

"We have chosen to devote a significant part of the group profits to rewarding our hard working employees with a pay rise.”

An earlier version of this article stated that Nigel Fright was entitled to the largest individual profit share of £365,690 among Kreston Reeves partners. This was incorrect. Mr Fright was not the partner with this entitlement. We apologise for the error and are happy to make the clarification.