Consolidator Numerica snaps up firm
Numerica Group, the Levy Gee-led professional services consolidator, today snapped up its first accountancy firm, London-based Jayson Newman.
As exclusively revealed by Accountancy Age earlier this month, Numerica has been set up to acquire businesses with a similar commercial and entrepreneurial culture to the top 20 firm.
Tony Sarin, Numerica’s chief executive officer, said of the deal: ‘We selected Jayson Newman for its positive culture and ethos as well as its innovative approach to providing solutions to clients, such as the development of ‘Easycounting WebLink’ – a web-based accounting system.
Wayne Barnett of Jayson Newman added: ‘We consider that being part of a large group will offer us the opportunity to enhance our business and provide a wider scope of services to our clients and opportunities for our staff.’
Neither would disclose the value of the deal.
Meanwhile, Collins Stewart has been appointed as financial advisor to Numerica with the remit to review the company’s funding options – one of which is to seek a listing on the Alternative Investment Market of the London Stock Exchange in due course.
Jayson Newman is a 10 partner practice formed in 1991 with an annual fee income of £5m.
Links