Numerica buys Southampton firm
Numerica, the publicly listed accountancy company, has made another acquisition this time taking on Burnett Swayne of Southampton in a deal worth £6m.
This is the latest buy for the company which raised £30m through flotation and a further £20m through debt.
Tony Sarin, chief executive of Numerica, said Swayne was a ‘very progressive firm that has impressed me from the first time that I met them.’
The £6m purchase price will be met using £2.3m worth of shares and and £3.7 in cash.
Sarin said Numerica was still on the hunt for acquisitions and has yet to use any of the £20m of debt.
The acquisition effectively makes Numerica the fourteenth largest accountancy business in the country.