S&W purchased a 9.84% stake, or 5.1m shares, in the AIM-listed accountancy group yesterday. The company has previously held abortive talks with BDO Stoy Hayward and RSM Robson Rhodes.
Numerica’s new chief executive Peter Jenkins said that the new investor had told him the stake was an investment. Jenkins took over from Tony Sarin earlier this month, who stepped down after the company revealed it would produce disappointing second-half figures
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton