Bishop Fleming unveils strategic investment

Bishop Fleming has announced that it has agreed a strategic investment deal from Synova to aid its expansion plans.

It comes as part of the firm’s Better Growth Strategy, the company’s vision for reshaping the firm for ambitious sustainable growth and an even more rewarding and stronger future for its clients.

The proposed expansion will bring new capacity, capability, specialist expertise and talent into the business.

Over the last 12 months, the firm has undergone significant transformational change, becoming only the second accountancy firm to implement the full Workday ERP platform.

Andrew Sandiford, Bishop Fleming’s managing partner, said: “We launched our Better Growth business strategy two and half years ago, designed to double the size of our business through sustainable organic growth. Our performance during that time has been unrivalled in the mid-market space, such that we are now extending that Better Growth vision to grow beyond £200m and over 2,000 people.

“We are delighted to select Synova as an investment partner to our business. We believe they deliver the best of both worlds. Uniquely enabling us to remain majority partner-owned and led, maintaining control of our business through a traditional partnership business model, but with the exciting backing of a minority investment that perfectly aligns and accelerates our business growth plans.”

Oli Bevan, partner at Synova, added: “Bishop Fleming has delivered impressive performance over recent years and has an exciting vision for its business. It has a solid heritage and foundation for growth and now has a platform to scale up its business. Synova are delighted to partner with the Bishop Fleming team on this exciting new chapter in their growth journey.”