Tyneside professional services firm RMT Accountants & Business Advisors has become part of national group Sumer.
The Newcastle business has joined Sumer, a top 15 海角视频 accountancy group which has its head office in Gatwick. Sumer is investing in successful accountancy firms across the 海角视频 to create regional hubs which focus on the SME market.
The group has seen rapid growth by completing 12 co-investment transactions over the last year and provides its hubs with access to enhanced technology and compliance support, as well as funding for further acquisitions and opportunities for employees. RMT’s existing management team will continue to lead its development and has already begun investigating opportunities for growth, by exploring potential acquisitions. The Gosforth-based practice currently has 120 staff across its service lines and is continuing to grow.
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Mike Pott, managing director at RMT Accountants & Business Advisors, said: “This is a tremendous opportunity for us to make a real step change in our operations. We’re excited to become part of a nationwide organisation with a clear strategy for growth and an absolute commitment to excellent client service.
“The Sumer shared ownership model means that its hub partners retain leadership of their practices and preserve their local identity whilst benefiting from the scale and resources of a national group. Sumer’s ethos, values and approach match our own. With a highly skilled and expanding North East team, allied to everything that Sumer provides, we expect RMT to make significant progress.”
Established in 1954, RMT Accountants provides financial and business advisory services through its accountancy, specialist tax, medical and healthcare, corporate finance and recovery and insolvency teams. It works with companies of all sizes, within and outside the North East, as well as a range of international clients.
Sumer currently has over 1,000 team members spread across more than 40 offices and generates an annual turnover of over £100m. It is planning to continue its rapid growth through 2024 with further co-investments.
Warren Mead, chief executive officer of Sumer, added: “Sumer is shaking up the 海角视频 accountancy sector by joining forces with outstanding regional firms who share our vision to champion entrepreneurs and owner managed businesses. We are unique because we are embedded in local communities, yet we’re able to provide our clients with the benefits of national scale.
“RMT has an exceptional regional reputation for the quality of its services and its team. We’re very pleased to be bringing such a well-respected brand into the 海角视频’s fastest-growing mid-market accountancy group. ”