RMT Accountants & Business Advisors has acquired KSA Group, a pre-insolvency business recovery solutions provider.
This move is expected to expand RMT’s presence in the business recovery and insolvency sector.
KSA Group will retain its 15-member team, including four directors and two licensed insolvency practitioners.
The company has offices in Berwick-upon-Tweed, Edinburgh, Gateshead and London.
RMT director and head of recovery & restructuring Chris Ferguson will lead the combined restructuring team.
Ferguson said: “Much of the work done by insolvency professionals goes under the radar, with pre-emptive support and advice helping to save hundreds of companies and thousands of jobs across the UK every year without the need for a formal insolvency process.
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By GlobalData“KSA has a particularly strong regional and national reputation in this respect. The team’s skills and experience complement RMT’s existing recovery and insolvency offering extremely well.
“The increased resources that the combined team provides will enable us to widen the reach of our business rescue and restructuring work, both within the North East and across the UK.”
The acquisition is RMT’s third since becoming part of the Sumer Group, a mid-market accountancy practice focused on small and medium-sized enterprises (SMEs).
KSA Group founder and managing director Keith Steven said: “Our long-term success has been based on working directly with owners and directors to provide a holistic picture of the options available to their struggling businesses and then delivering the support and advice they have needed to find the best way to move forward.
“Becoming part of a larger group will provide continuity for our expert team and a range of new opportunities.”
RMT Accountants & Business Advisors offers a range of financial and business advisory services through its specialist teams. It caters to a diverse clientele including international companies.
The Sumer Group supports SMEs across the UK and Ireland with over 2,000 staff in more than 40 offices.
