PracticeAccounting FirmsNumerica FD says new model will drive growth

Numerica FD says new model will drive growth

Numerica's new structure will drive its acquisition and growth strategy, according to its group finance director Adrian Colman.

Link: Read the full interview with Adrian Colman

Speaking to Accountancy Age, Colman said: ‘With the LLP structure in place we can look for more hybrid acquisitions, something in between an acquisition and a traditional partnership merger.’

Colman said that following the publication of annual results and getting the new structure in place, the board had examined it strategically and believed it would be ‘attractive for others to join Numerica LLP’.

Numerica also plans to bring in new service lines into existing offices such as it has already done with its north west Manchester office, a general practice office, which has added a financial services business and tax consulting business to its existing operations.

‘In this way we get the benefit of cross-selling as well as achieve critical mass in a key city like Manchester,’ Colman added.

Following the announcement of poor results and two failed takeover bids, Numerica overhauled its structure, bringing in a traditional partnership element to the firm, which makes the plc one of the firm’s 70 partners.

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