The strategic move for EQ signals expansion into Scotland and the North of England
Sumer, the UK’s leading mid-market accountancy practice, reinforces its commitment to fostering innovation and driving regional growth with the landmark merger of EQ and Douglas Home & Co.
EQ, which currently has offices in Dundee, Forfar and Glenrothes, sold a major stake to Sumer last year, providing the funds to execute an ambitious growth plan to triple turnover from £11 million to £30 million in the next 3-5 years.
Propelling the company’s regional footprint, EQ’s merger with Douglas Home & Co. will increase the office count to 10 locations across Scotland and into the North of England, with a combined workforce of 210 dedicated professionals.
This transformative partnership not only underscores Sumer’s strategic vision but also heralds a new era of collaboration, redefining industry standards in the accountancy landscape.
As Sumer continues its mission to empower businesses nationwide, EQ’s merger with Douglas Home & Co. signifies a strategic venture into the Scottish and Northern English markets, bolstering its extensive network and amplifying its collective impact.
With a shared ethos of excellence and dedication to client-centric solutions, this merger exemplifies Sumer’s unwavering commitment to champion local businesses while harnessing national expertise.
With 9 regional hubs, 45 offices, and over 1,200 colleagues, Sumer believes best-in-class support is vital to power our local communities and the wider economy, all focusing on championing SMEs.
Warren Mead, Chief Executive Officer of Sumer, commented:
“At Sumer, we are committed to championing SMEs by providing the highest quality support and expertise. The merger of EQ and Douglas Home & Co. is a major milestone, reinforcing our commitment to clients in Scotland.”
Commenting on the merger Craig Nicol, CEO at EQ Accountants said:
“Embarking on this transformative journey with our merger with Douglas Home & Co. is a testament to our commitment to be progressive and has been inspired by the exceptional efforts of Sumer. This pivotal step not only aligns with our strategic growth plans but also underscores our commitment to fostering innovation and driving excellence.
“From the outset, it was clear that the working style and culture of Douglas Home & Co. seamlessly aligned with ours, bolstering our shared commitment to delivering unparalleled client service. As we unite as one team under the banner of one EQ, we will leverage our collective strengths, share best practices, and unlock new opportunities for our clients, our team members, and our firm as a whole.”
