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Yorkshire-based accountancy and business advisory firm, Fortus, has secured investment from LDC, part of Lloyds Banking Group, to support its plans for growth.
Headquartered in York, with offices in Leeds and Scarborough, the firm consists of around 115 employees working across audit, tax advisory, accounting and wealth management, providing services to more than 4,500 SMEs across the region.
Founded in 2020 by CEO Craig Herbert, the company has completed five acquisitions over the last five years, whilst also delivering organic growth. Herbert, alongside chief operating officer Andy Northern and chief marketing officer Rich Burnett will remain in their roles as the business enters its next phase.
The firm said the investment will support further recruitment, continued investment into employees, the expansion of service offerings as well as geographic expansion beyond its current footprint.
Craig Herbert, founder and CEO of Fortus, said: “This is an exciting new chapter for Fortus. We believe we have built something special here in Yorkshire – a firm that genuinely understands its clients’ needs and delivers real value through personal relationships and deep expertise, via a team full of passionate and dedicated professionals across an array of service lines and sector specialisms.
“This partnership is a culmination of a relationship we have developed with LDC over a number of years. The team at LDC understands what we’re trying to do and is backing our ambition to build the leading regional firm of accountants and business advisors rooted firmly here in Yorkshire.”
He added: “We believe their hands-on approach to supporting integration and growth, combined with the strength of their regional network and expertise in helping businesses like ours to scale, is exactly what the business needs at this point in its development. We’re excited about what we can achieve together.”
Dan Smith, partner and head of Yorkshire at LDC, said: “Craig, Andy and Rich, along with the wider SLT, have built an exceptional business with genuine momentum and a clear strategy for the next phase. They’ve proved they can integrate acquisitions and drive organic growth – and we’re excited to be backing them to continue that journey whilst continuing to deliver high quality, advisory-led services to their client base.”
