Today’s news in brief – 20/11/2024
FRP Advisory reported a 32% revenue increase, reaching £77.6m for the half year ending October 2024, with adjusted EBITDA up 44% to £22.3m. The firm expects full-year revenues of £146.7m. Growth included 23% organic and 9% from acquisitions, with four deals completed, such as Lexington Corporate Finance and Hilton-Baird Group. Key projects included the sale of The Body Shop. CEO Geoff Rowley praised the results and acquisitions for enhancing client solutions. He expressed confidence in continued progress, emphasising FRP’s ability to support businesses through diverse challenges across the corporate lifecycle.
Haysmacintyre has rebranded to HaysMac, reflecting its growth, progressive values, and client-centric approach. The firm’s revenue grew 81%, and headcount rose 60% over five years, with four partners added in 2024. HaysMac has been recognized as a top workplace by *The Sunday Times* and LinkedIn. Managing partner Natasha Frangos highlighted the new brand’s alignment with the firm’s innovative and collaborative principles. She noted HaysMac’s readiness to embrace change, including market developments and technologies, positioning it strongly for future challenges. The rebrand emphasises its commitment to offering exceptional tax, audit, and financial services with specialist sector expertise.
PKF Smith Cooper Systems rebranded in line with its sister company and PKF Global network, celebrating its 10-year anniversary and welcoming 10 new hires. The firm retained its ethos and services while refreshing its branding to reflect growth aspirations. Achievements in 2024 included being named Sage BMS Partner of the Year and receiving the Customer Success Partner award in 2023. Managing director Chris Smith praised the rebrand’s timing, aligning with the company’s evolution. He emphasised continuous self-improvement and portrayed the updated brand as a step forward into the firm’s next growth phase after a decade of success.
Quantuma facilitated the sale of Acorns Health Care to Ignite Growth, unlocking the next growth phase for the supported living services provider. Acorns, founded in 2019, serves adults with severe learning disabilities and autism. Quantuma’s team led a strategic marketing process, identifying Ignite Growth as the ideal buyer. The acquisition retains existing employees and positions Acorns for regional expansion, with CEO Sue Vaughan transitioning to a consulting role. Ignite Growth plans organic growth, investment in staff, and partnerships to expand care services. Quantuma and Acorns’ leadership expressed optimism for the company’s future under Ignite’s stewardship.
