Fast growing accountancy firm hits £100m mark

A fast-growing accountancy practice that has made a number of acquisitions in the South West has reached a major milestone.

Sumer has hit revenues of over £100m just 12 months after its first acquisition.

Now a top 15 UK accountancy practice, this rapid growth trajectory has been achieved by investing in accountancy firms right across the UK.

Sumer is a significant challenger, with over 40 offices and over 1,000 colleagues.

With significant funding from Penta Capital and BlackRock, Sumer intends to continue growth on its current trajectory.

Sumer’s mission is to champion smaller and medium-sized businesses, through the provision of quality accountancy and professional services.

This rapid scale-up has been achieved through both targeted acquisitions and strong organic growth. Sumer’s strategy is to form regional Hubs throughout the UK, focused exclusively on the SME market.

The Hubs announced so far include: Monahans (South West), RMT Accountants & Business Advisors (North East), RT Marke & Co (South West), Jerroms (West Midlands), Simmons Gainsford (London), Carpenter Box (South), Cowgills (North West) and EQ Accountants (Scotland).

Further Hub announcements are imminent. These practices will continue to leverage their distinct identities to deliver outstanding service to clients locally, while offering them the advantages of a national practice.

Chief executive Warren Mead said: “Sumer is shaking up the UK accountancy sector, and we’ve only just started. We’ve joined forces with outstanding regional firms who share our vision to champion entrepreneurs and owner-managed businesses.

“We are different because we are embedded in local communities, yet we’re able to provide our clients with the benefits of national scale.”