RMT ‘widens reach’ of services with KSA deal

An acquisition is set to bolster an accountancy firm’s position in the business recovery and insolvency sector.

Newcastle-based RMT Accountants & Business Advisors, part of the Sumer Group, has acquired KSA Group, a specialist in pre-insolvency solutions.

Officials say it will enable RMT to “widen the reach” of its business rescue and restructuring offering.  

KSA, with offices in Gateshead, Berwick-upon-Tweed, Edinburgh and London, is known for its innovative digital approach, including the longstanding CompanyRescue.co.uk portal, and its expertise in Company Voluntary Arrangements, which have returned more than £31 million to creditors.

The 15-member KSA team, including licensed insolvency practitioners, will join RMT’s restructuring division under the leadership of Chris Ferguson.

Chris, the director and head of recovery and restructuring at RMT, 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.

“KSA has a particularly strong regional and national reputation in this respect, with the team’s skills and experience complementing RMT’s existing recovery and insolvency offering extremely well.

“The increased resources 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.

“This is the latest example of how becoming part of a nationwide organisation like Sumer, with a clear strategy for growth, is providing us with opportunities to bring in additional expertise which enhances the services we offer to our clients.”

Keith Steven, founder and managing director at KSA Group, added: “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’ve 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, and we’re excited to be moving into this next stage of our business’s development.”

It marks RMT’s third acquisition under the Sumer Group, following the integration of McCowie & Co and Ribchesters Chartered Accountants.

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