AMS Group secures loan to support ‘buy and build’ growth strategy

Manchester headquartered professional services firm, AMS Group, has secured a loan facility with OakNorth to support its “buy and build” strategy within the North West. 

The firm aims to further strengthen its market position in the mid-market, as well as acquire “complementary” accountancy and advisory businesses across the UK. 

Established in 1982, AMS Group specialises in creating value for mid-market clients and has a differentiated approach to “maintain the highest levels of client satisfaction through dedicated relationship managers”. 

Ebrahim Sidat, CEO of AMS Group, said: “As we strive towards achieving our vision to provide a mid-market ‘Big Four’ solution (with the breadth and depth of services) this bespoke funding from OakNorth will allow us to continue scaling the business further and faster via our “buy and build” strategy, which will also help us to build more long-term relationships with our clients. 

“The OakNorth team were highly attentive and entrepreneurial throughout the entire transaction, structuring the loan that solved all our funding requirements under one bespoke facility.”

Sean McCormick, associate director of debt finance at OakNorth, added: “…With the UK’s accounting and audit market set for significant growth in the future, AMS Group is in a perfect position to capitalise on this tailwind via its exciting and already highly successful “buy and build” strategy. 

“We look forward to working closely with Ebrahim and David again moving forward, whilst also keeping an eye on what’s next for the firm’s impressive growth journey.”