Sedulo Group appoints two salaried partners amidst record revenues

Sedulo Group has announced the promotion of two team members to salaried partner Andy Nixon and Josh Perry have been promoted to salaried partners following a record year at Sedulo Group.

The firm said Nixon and Perry were “instrumental” in driving a 42% growth in revenue at the Innovation Incentives Division at Sedulo which focuses on Research & Development (R&D) Tax, Capital Allowances and Patent Box.

The pair joined Sedulo Group over the last 18 months following stellar careers at R&D boutique Leyton and other top four accountancy firms, leading the largest R&D teams which delivered claims across many of the most well-known brands in the UK.

The Innovation Incentives Division at Sedulo Group added more than 15 new staff members in 2023, handling over 250 claims, and expects further growth over the next 12 months in excess of 30%.

Sedulo Group has doubled its turnover as a whole in the last three years, anticipating organic growth of 25% in 2024 with revenues expected to pass £18m.

Sedulo said it believes the salaried partner promotions of Perry and Nixon are the continuation of their strategy to recognise “ambitious, high-performing employees and entrepreneurial talent, providing a pathway from employment to ownership”.

Perry said: “I am immensely grateful to the leadership team at Sedulo for this appointment, and their continued support in building out our Innovation Incentives Division into a truly world class offering in the group.

“I’m delighted with the progress the team has made so far; the department has gone from strength to strength, with record levels of new client acquisition and a demonstrated record of working on larger and more technically challenging R&D projects. After recent changes from HMRC, we’re also supporting more clients than ever before to navigate complexities in the R&D market and ensure their claims are compliant. We look forward to the next 12 months and have ambitions to grow the department further.”

Nixon added: “In an era marked by significant shifts within our industry, heightened scrutiny across the profession, and increasing client dissatisfaction with traditional firms raising fees while diminishing services, we stand apart.

“Our commitment to equitable promotion and recognition has never been stronger, as we consistently hire and reward our team members for their outstanding contributions. We take pride in offering a compelling alternative within our highly acclaimed, full-service accountancy and advisory practice. Our approach not only meets but exceeds expectations, ensuring our clients receive unparalleled service and expertise.”

Leyton Jeffs, group chief revenue officer, said:“Providing a Salaried Partner position offers a really exciting opportunity for ambitious individuals looking to be rewarded for their hard work. I want to congratulate Josh and Andy for achieving such a significant milestone so quickly.

“With the landscape within innovation, and in particular R&D tax claims becoming more scrutinised, it was important that we not only hired the correct leaders but also invested heavily in expertise and experience within the team. Under the leadership of Josh and Andy, we have seen a transformation of our R&D offering, not only with their experience being added but with a number of other new team members who have extremely technical backgrounds and are able to add real value to our clients.”