Affinia provides accounting, tax and business advisory services. Credit: © Sovereign Capital.

Sovereign Capital Partners has announced that its chartered accountancy services portfolio business, LB Group has concluded its sixth strategic acquisition and introduced Affinia, a new corporate brand. 

The company invested in LB Group in May 2023 and has since worked on a buy and build programme to create a new challenger in the accounting, tax, and business advisory sector. 

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The new group is formed by integrating LB Group with several businesses from the East and South East of England, including Baxter & Co, Clarkson Hyde, Dyer & Co, Giess Wallis Crisp, NSO Associates and Richard Edwards Group.

It now serves more than 7,000 clients and has over 400 colleagues across nine regional offices in Colchester, Chelmsford, Halstead, Harlow, Ipswich, Orpington, Sidcup, Stratford, and Sutton.  

Affinia provides accounting, tax, business advisory services, and access to sector experts across various industries.  

A team has been assembled that comprises Group CEO Darren Redmayne, Group COO Vanessa Emens, Group CFO Rob Harden, and Accounts Service head Line Chris Annis. 

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The senior service line leadership team collectively brings nearly 200 years of accountancy and professional services experience to the new brand. 

Darren Redmayne said: “We are excited to be building Affinia as the leading client-friendly, accounting, tax and business advisory firm.  

“Combining great service quality, trusted financial expertise and the power of technology, we are committed to delivering the best results for our clients. We look forward to joining with further colleagues, prospective clients and like-minded firms that share our vision for the future.” 

Chris Annis added: “We are proud of the progress that LB Group and the other like-minded firms have taken so far.  

“Now, as Affinia, we look forward to what lies ahead as we continue this journey together. United, we can further champion our clients, provide greater career opportunities for our colleagues, and support local business and our communities even better than before.”