Member Article

Further hires planned for the year as headcount surpasses 100 at Ryecroft Glenton

North East accountancy firm Ryecroft Glenton has created six new jobs to take its workforce beyond the 100 mark.

New staff joined across its outsourced accountancy, tax advice and corporate finance departments in the last financial year, whilst the business has revealed that further recruitment is planned for 2017/18.

Within its last financial year the firm’s corporate finance division delivered a strong performance with a number of significant national and regional transactions.

Among them were the £17.1m sale of MTrec to Trust Tech Inc, the Management Buy Out of national IT sector recruiter, DP Connect and the sale of supply teacher business, Just Teachers to London-based Private Equity House, Sovereign Capital.

Most recently, Ryecroft Glenton Corporate Finance advised the shareholders of North East-based tenant referencing and insurance provider, Van Mildert, on securing a significant seven figure private equity investment, which will help the business grow over the coming months.

Managing Partner, Chris Robson, commented: “We’ve made significant client gains this year as a result of our new OutsourcedFD service. This trend is gathering momentum as companies start to appreciate the efficiencies they can achieve by delegating financial obligations to a dedicated service provider.

“We’re currently seeking to recruit more staff to meet client demand for this service and will be training them to be experts in leading online accountancy software solutions.

“We actively look to bring work to the region by offering corporate finance clients a ‘joined up’ service on M&A transactions, engaging North East based law and other professional services firms to act alongside us.”

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