Management at East Midlands accountancy firm Cooper Parry say they are heading towards their short-term target of 拢250 million revenues following a double acquisition.
The has completed the deals in the 鈥淭ech & High Growth鈥 (THG) sector buying ihorizon 鈥 an early stage accounting player for tech startups 鈥 and Acclivity, a boutique advisory firm specialising in accountancy, tax and consultancy for entrepreneurs and high growth early stage businesses.
The additional 40-plus staff have become part of the firm鈥檚 dedicated THG team which has grown from a standing start to more than 100 people in just two years.
The number of staff across all of now stands at more than 535.
Chief executive Ade Cheatham said they were , with revenues currently rising at a rate of 33 per cent a year.
He said: 鈥淭hese two deals reinforce our determination to disrupt the Mid-tier like no other.
鈥淲e鈥檝e been bold with our ambitious growth plans and these two high quality firms give us an amazing start to the year. The culture and talent within the firms are a great fit for CP.
鈥淭hey also add a brilliant new dynamic to our fast-growing presence in the THG space.鈥
Steve Leith, head of Tech & High growth at Cooper Parry, said: 鈥淏ringing ihorizon and Acclivity into CP means our specialist team can now deliver a full life-cycle solution from startup through scaleup and into exit.
鈥淭here鈥檚 no other equivalent team in the Mid-tier or the Big 4 operating at this scale and so deeply inside the high-growth ecosystem.
鈥淪tartups will be able to make the seamless transition from a specialist digital-first solution into full service scaleup support specifically designed for venture stage companies.鈥
Pratik Sampat, the chief executive of ihorizon, said: 鈥淓verything felt right about joining Cooper Parry.
鈥淭he CP team is already well established in the market supporting scaleups and we have a shared vision to create the go-to team for founders and CFOs of high potential and high growth companies.
鈥淭his coming together is great news for our team and our clients.鈥
Acclivity founder Asif Ahmed, who is now head of Early Stage, Cooper Parry Tech & High Growth, said: 鈥淕iven the number of clients we鈥檝e seen transition from Acclivity鈥檚 early stage portfolio into CP鈥檚 specialist scale-up team, it was a no-brainer to join forces to create a market-leading proposition.
鈥淚t means early stage companies don鈥檛 have to change relationships as they scale and as their finance challenges become more complex. It鈥檚 a win, win.鈥
Cooper Parry is based out of its 鈥淪ky View鈥 hub next to East Midlands Airport 鈥 included in the Daily Telegraph鈥檚 list of the 海角视频鈥檚 Top 10 coolest offices 鈥 and has offices in Shoreditch and Birmingham.
