Top 50 – moving Ford-ward

On the frontline: Tony Ford – the senior partner who has led a small firm to 26th in the Top 50

Written by Karen Day

It’s been a mammoth 12 months for Tony Ford. The senior partner and founder of Ford Campbell has seen the practice grow by a record 134%, rocketing it into the Accountancy Age Top 50 for the first time.

Ford, and his partner Andrew Campbell, set up the business 12 years ago and it now dominates the northwest as the largest independent corporate finance-led practice in the region.

Advertisement

The group, which is the highest new entry into this year’s Top 50 at 26, has seen turnover increase from £6.1m in 2003 to £14.3m in 2004 due to an ambitious expansion programme.

Ford, a specialist in strategic advice, private equity and turnarounds, has developed the group from small beginnings into five business divisions and three sister companies.

Over the past 12 months, he has overseen a number of strategic mergers, acquisitions and new start-ups and the group now provides corporate finance, transaction support, business advisory and audit, specialist taxation, search and selection, as well as financial planning and private equity.

This growth in services ­ adding an extra three lines from 2003 ­ is part of his plan to turn Ford Campbell into the ‘complete business partner’.

Ford significantly boosted the corporate finance part of the business with the acquisition of Freedman Ross in 2003. The firm was struggling to break the market in Leeds and has since merged its transaction services, strategic finance and recruitment divisions into the new Ford Campbell Freedman. Ford sees this as a key contributor to its record growth.

It also acquired Moorgate House plc, an ailing independent financial adviser and integrated the business into sister company Carrwood. After a redundancy and relocation programme, the acquisition has seen its IFA business increase from £2.4m to £8.5m and it is now one of the largest providers of IFA services to accountants.

It has also opened a new division, Ford Hastings, a search and selection business based in London and Manchester to recruit finance specialists for Ford Campbell’s client base.

Ford has proven that he has a knack of predicting the ebbs and flows of the regional economy, pouring resources into high-end corporate finance work during times of plenty and developing his turnaround work when belts start to tighten.

He is known to get a ‘big kick’ out of the turnaround side of the business and sees it as helping to save jobs and safeguard the local economy.

This work has also proven to be extremely good business, with Ford Campbell offering a strategic partnership-style service in exchange for an equity share. This ensures companies, that are also looking to grow or to sell, use all of the group’s services while it gets a stake in any success.

In the case of telecoms company Eurocall, the firm reduced its fees by 50% in return for a 2% equity share. Within three years Eurocall had moved from break-even point of £20m to a turnover of £55m and was sold last year for £42m.

There are few accountancy practices that can rival the growth of Ford Campbell. Just four years ago it was celebrating winning Accountancy Age’s Small Business of the Year Award ­ now it is challenging the upper tier of the Top 50.

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

Also read

White papers

Related jobs

More Accounting jobs

Spotlight

The Top 50 +50 survey 2009

All the news, views and analysis on our 2009 Top...

Elizabeth Rumsey, Virgin Galactic's FD

Profile: Elizabeth Rumsey, Virgin Galactic's FD

While Richard Branson and his Virgin Galactic team chase the...

How To guides

The archive of Accountancy Age's How To guides

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Should chancellor Alistair Darling lose his job for claiming for tax advice?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement

Advertisement