Advisory firm makes first move into Birmingham with acquisition

Sedulo founder Paul Cheetham-Karcz

Sedulo Group is expanding into Birmingham with the acquisition of R&D tax advisory firm, BTA Services.

The mid-tier advisory firm will add BTA to its existing operations in Manchester, London and Liverpool with 200 advisors. Sedulo hopes to double in size over the next three years with new city centre regions being at the core of the strategy.

Midlands-based tax credit specialist BTA has completed more than 1,100 R&D claims with in excess of £10m of revenue across almost 400 clients. The firm was founded in 2018 by Eric McClenaghan, who will stay on as an advisor to the business.

Manchester-headquartered Sedulo plans to build from this Midlands base and is on the hunt for a more permanent home in Birmingham with hopes to include a leisure space, bar, gym and themed meeting rooms.

The firm is also already recruiting consultants with financial planning and banking expertise, with more key hires to be announced.

Sedulo founder Paul Cheetham-Karcz, said: “We have been looking for an acquisition for a while that allows us to enter a new territory. BTA Services gives us a perfect foothold into the Birmingham area, and we are already on a recruitment mission to add to the existing members.

“Over the past two years, we have substantially increased the sophistication of our R&D offering, with the recruitment of Josh Perry and Andy Nixon from top six firms leading the team.

“The landscape has become more difficult to navigate, but we have developed our offering. As a result, we are in a perfect position to acquire strong firms like BTA Services and add some additional expertise. We look forward to the next 12 months, which should see us edge towards £20 million in revenue.”

BTA Services founder, Eric McClenaghan, added: “We are delighted that BTA has become part of the Sedulo family, where all our staff have fantastic career opportunities and can positively contribute to the breadth and depth of the R&D team at Sedulo. BTA clients will continue to be looked after by our familiar team and will now have a range of additional services available to them.”