Major expansion for Northern Accountants
Last week we announced two major growth plans in Liverpool and Hull, as our business edges closer to £2m GRF (growth recurring fees)
Our team has completed the acquisition of Birkenhead-based TAC Accountants – a property and construction specialist with 167 clients. Currently turning over £250,000 per annum, TAC will retain all of its team, including founder Ben Thexton, who is now a director of the Liverpool division.
With an already high propensity of construction and landlord customers, plus a strong relationship with the construction industry, Northern Accountants will leverage the acquisition as a springboard for further expansion in Merseyside.
Ben Thexton – Liverpool Director
“We don’t currently have any clients in Liverpool, but as a business, we have a personal affinity to the area, and we perform well in TAC’s key sectors,” commented Phil Ellerby, Northern Accountant’s founder and managing director. “So, when Ben started talking to us about the sale of his company – as part of his three-year plan – conversations quickly gathered pace.”
“He now has the brand and infrastructure around him – supported by our HQ team in Leeds – to grow the business in Liverpool. As a practice, Northern Accountants is renowned for the level of service delivered to clients – in fact, we’ve won multiple national awards for the transformational change we’ve implemented – and with Ben’s help, we want to become a leading name in this city too.”
At the opposite end of the M62, Northern Accountant’s expansion is continuing in Hull, with the appointment of new director Ricky Field. Having originally met Phil at college over two decades ago, Ricky joins from cbaSadofskys Chartered Accountants, where he has worked for 23 years and became a partner in 2009.
A well-known name in this city, Ricky will work closely with two existing Hull-based Northern Accountants colleagues, as they take new office space at The Beverley Enterprise Centre.
Ricky Field – Hull Director
“The accountancy service provision in Hull is more reactive than it is proactive,” explained Phil. “Consequently, there’s a huge gap in the market for a practice that helps clients run their finance functions in the best, most efficient way possible, to fuel company growth. While Hull doesn’t represent a new geographical location for us, Ricky’s appointment will really bolster our growth plans here. Plus, I’m a Hull lad myself, so there’s something particularly special about developing our presence in my hometown.”
Back in Leeds, we have doubled our footprint with the purchase of a second office space in Howley Park Business Village. We now have an extra 1600sqft of space – much-needed following the appointment of six new HQ hires in the last two months.
The expansion takes our firm – which was established in 2008 – to £1.8m GRF, with 20 employees and 530 customers in total.