PracticeConsultingConsolidator Numerica snaps up firm

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

Levy Gee to lead consolidator

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer