Accountancy firm targets growth with first acquisition

A South Shields-based accountancy firm is expanding its advisory offering through a strategic acquisition as part of a wider growth plan.

Optimal Accountancy has completed its first deal under a buy-and-build strategy, buying specialist finance consultancy FinFrac Limited.

The move marks a key milestone for the firm as it looks to develop a technology-enabled advisory group supporting SMEs with accounting, finance and strategic services.

Gateshead-based FinFrac, known for its fractional finance director offering, will integrate into the group while continuing to operate under its existing brand.

The acquisition strengthens Optimal’s advisory capabilities and broadens its reach across the region’s entrepreneurial and owner-managed business community.

Backed by long-term investor Stephenson Capital, bosses say the firm plans to pursue further acquisitions to build a national presence, targeting specialist advisory and outsourced finance providers.

They add that all FinFrac employees will remain with the company, with additional recruitment expected as the combined group continues to grow.

Paul White, senior partner at Optimal Accountancy, said: “FinFrac Limited is a perfect strategic fit. 

“Their team brings deep expertise in finance leadership and operational support, which complements our existing accounting and advisory services. 

“This acquisition is the first step in a wider programme to bring together high quality, founder-led firms that share our values and our commitment to helping clients grow.”

Thomas Jobling, founder of FinFrac Limited, added: “Joining Optimal Accountancy gives us the platform to scale our services and reach more businesses that need flexible, senior level finance support. 

“We’re excited to be part of a group that is investing in people, technology, and long-term client relationships.”

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