Sedulo expands Liverpool operation with acquisition of established accountants
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Business advisory specialist Sedulo Group has expanded with the acquisition of Liverpool accountancy firm Wilson Henry, for an undisclosed sum.
The acquisition comes off the back of a successful launch by the group in Liverpool, in which Sedulo transformed a space in Exchange Flags into bespoke offices that include an American diner, bar area and Victorian rooftop terrace.
Wilson Henry brings in almost 30 team members from accountancy, audit, taxation and corporate finance backgrounds.
It has been a staple of the Liverpool advisory community for more than 60 years and the team will now move over to Exchange Flags with the business continuing to be led by the current management team of Hilene Henry – whose father founded the business in 1958 – Peter Alcock and Michael Needham.
This acquisition means Sedulo Group, founded in 2009 and with offices in Manchester, Leeds, London and Liverpool, is now one of the largest advisory firms in the North, employing 175 people.
Sedulo founder, Paul Cheetham-Karcz, said: “We are delighted to have acquired Wilson Henry for our Liverpool offering.
“We never wanted to be one of those advisory firms that comes over the M62 and dips their toe in the market.
“We purposely signed a 10-year lease in the heart of the city and invested almost half a million pounds in developing the space into an innovative environment.
“Adding Wilson Henry now gives us almost 40 team members within our first 12 months of operation.”
He added: “Wilson Henry is a perfect fit for us. It is an already robust business and we can now add additional services to their client portfolio of funding, mortgages, financial planning and forensics.
“We look forward to working with Hilene, Peter, Michael and the team as a whole.”
Hilene Henry, managing partner of Wilson Henry, said: “After 60 years of operating independently, the partners are hugely excited by the opportunities afforded by being part of the Sedulo family.
“This represents a pivotal milestone in the Wilson Henry journey and is an excellent time for its clients, team members and stakeholders to capitalise on the opportunity the merger affords – it can only serve to enhance the client and team offering.”