Sumer, the UK’s leading mid-market accountancy practice, announces a major milestone, hitting revenue of over £100m just 12 months after its first acquisition. Now a top 15 UK accountancy practice, this rapid growth trajectory has been achieved by investing in the best accountancy firms right across the UK.
Sumer is a significant challenger, with more than 40 offices and over 1,000 colleagues. With significant funding from Penta Capital and BlackRock, the firm intends to triple in size over the next two years.
Sumer’s mission is to champion smaller and medium-sized businesses, through the provision of quality accountancy and professional services. It believes this best-in-class support is vital to power our communities and the wider economy.
This rapid scale-up has been achieved through both targeted acquisitions and strong organic growth. Sumer’s strategy is to form regional Hubs throughout the UK, focused exclusively on the SME market.
The Hubs announced so far include: Monahans (South West), RMT Accountants & Business Advisors (North East), RT Marke & Co (South West), Jerroms (West Midlands), Simmons Gainsford (London), Carpenter Box (South), Cowgills (North West) and EQ Accountants (Scotland).
Further Hub announcements are imminent. These practices will continue to leverage their distinct identities to deliver outstanding service to clients locally, while offering them the advantages of a national practice. The benefit of this is the ability to integrate leading regional firms with the tech, scale, and breadth of expertise to enhance customer service and accelerate business growth.
Warren Mead, Chief Executive Officer of Sumer, commented:
“Sumer is shaking up the UK accountancy sector, and we’ve only just started. We’ve joined forces with outstanding regional firms who share our vision to champion entrepreneurs and owner managed businesses. We are different because we are embedded in local communities, yet we’re able to provide our clients with the benefits of national scale.”
About Sumer:
Sumer is the UK’s leading mid-market accountancy practice delivering professional support to small and medium-sized enterprises (SMEs) across the UK. It is a top 15 UK accountancy practice on a mission to champion SME businesses and offer local delivery supported by national expertise.
Since its inception, Sumer has grown rapidly through acquisition. It now employs over 1,000 champions, across 40 offices, and generates an annual turnover of over £100 million, emerging as a key accountancy player.
Sumer’s strategy revolves around acquiring only leading regional practices that share the same ethos, values and approach. This in turn forms regional Hubs throughout the UK, focused exclusively on the SME market.
The Hubs announced so far include Monahans, RMT Accountants & Business Advisors, RT Marke & Co, Jerroms, Simmons Gainsford, Carpenter Box, Cowgills and EQ Accountants.
Sumer provides Hubs with access to a broader range of services for clients, technology and compliance support, funding for further acquisitions, and opportunities for Hub colleagues.
To find out more about Sumer, visit our website: https://sumer.co.uk/
