PracticeAccounting FirmsNumerica buys Southampton firm

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.

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

4d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

6d Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman