PracticeConsultingLevy Gee to lead consolidator

Levy Gee to lead consolidator

Top 20 firm Levy Gee was today confirmed as the cornerstone of the latest accountancy consolidator, Numerica, as the group officially announced its formation.

The creation of the Numerica Group, exclusively revealed by Accountancy Age last week, introduces a new integrator in the UK business services sector.

It will aim to acquire firms of a similar ethos and culture and merge them under the Numerica umbrella.

Levy Gee has signed ‘heads of terms’ with the group, while discussions with other UK accountancy firms are understood to be under way.

Tony Sarin, Numerica chief executive, said: ‘The concept of forming a leading Business Services Group is one that we have been examining for some time.

‘Numerica Group intends to acquire accounting practices and related businesses and integrate them into a unified business providing high quality services to clients.

‘I am very pleased that Levy Gee will be the cornerstone of the group as they have the infrastructure on which we can build this client focused business.’

Numerica joins rival accountancy consolidators such as Jobtel, Harris Walters and Tenon, while other so far un-named consolidators are said to be actively hunting firms to come on board with them.

The executive directors of the group, alongside Sarin, are chief operating officer Julian Synett, chief financial officer Peter Jenkins and executive director responsible for business recovery, Derrick Woolf.

Non-executive directors are former BMW deputy chief executive John Spencer and Bridgepoint Capital vice chairman Chris McCann.

Links

Levy Gee enters consolidation race

Top 50: UK firms push £7bn mark

Woolf appointed senior partner at Levy Gee

Exclusive: City firm is Jobtel backer

Jobtel creates new practices

‘Mystery’ third consolidator named

Jobtel to iron out ‘differences’

Jobtel hands over reins

Jobtel on guard as consolidation shortlist drawn up

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