Northern Accountants agrees deal to acquire TAC Accountants
Northern Accountant’s has also appointed new director Ricky Field. He joins from cbaSadofskys Chartered Accountants, where he has worked for 23 years and became a partner in 2009.
Northern Accountants has announced the acquisition of Birkenhead-based TAC Accountants for an undisclosed sum.
TAC Accountants, a property and construction specialist with 167 clients, currently turns over £250,000 per annum, TAC will retain all of its team, including founder Ben Thexton, who is now a director.
Northern Accountants will “leverage the acquisition as a springboard” for further expansion in Merseyside and in construction and landlord customers.
Northern Accountant’s founder and managing director, Phil Ellerby, said: “We don’t currently have any clients in Liverpool, but as a business we have a personal affinity to the area, and we perform well in TAC’s key sectors. When Ben started talking to us about the sale of his company, as part of his three-year plan, conversations quickly gathered pace.
“He now has the brand and infrastructure around him, supported by our HQ team in Leeds, to grow the business in Liverpool. As a practice, Northern Accountants is renowned for the level of service delivered to clients, in fact, we’ve won multiple national awards for the transformational change we’ve implemented, and with Ben’s help, we want to become a leading name in this city too.”
Northern Accountants has doubled its footprint with the purchase of a second office space on Howley Park Business Village. The firm now has an extra 1600sqft of space, following the appointment of six new HQ hires in the last two months
The firm’s expansion will continue in Hull, with the appointment of new director Ricky Field. He joins from cbaSadofskys Chartered Accountants, where he has worked for 23 years and became a partner in 2009.
He will work closely with two existing Hull-based Northern Accountants colleagues, as they take new office space at The Beverley Enterprise Centre.
Field added: “The accountancy service provision in Hull is more reactive, than it is proactive. Consequently, there’s a huge gap in the market for a practice that helps clients run their finance functions in the best, most efficient way possible, to fuel company growth.
“While Hull doesn’t represent a new geographical location for us, Ricky’s appointment will really bolster our growth plans here. Plus, I’m a Hull lad myself, so there’s something particularly special about developing our presence in my hometown.”
The expansion takes the firm, which was established in 2008, to £1.8m GRF, with 20 employees and 530 customers in total.
