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.

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