Accountants SKS Business Services and Bailey Group announce merger

RICHMOND, U.K. - Oct. 8, 2020 - PRLog -- SKS Business Services is pleased to announce its merger with award-winning Durham-headquartered chartered accountancy and tax advisory practice Bailey Group.

Bailey Group is headquartered in Peterlee, County Durham, and operates from ten offices located across the North-east.  The business provides high-quality accounting services to more than 3,000 SME customers.

Now known as SKS Bailey Group, it will operate as part of SKS Business Services, which now contains 13 accountancy and insolvency practices operating from 25 offices across the UK servicing nearly 11,000 clients.

The new up-scaled operation means the firms can offer a more personalised service to their clients while enhancing their finance outsourcing and business advisory capabilities, as well as undertake greater investment in technology to meet the needs of clients.

SKS's buy and build strategy has delivered strong revenue growth from £5.6 million in June 2018, to over £16.8 million (at 21 September 2020, pro forma for the Bailey acquisition). With the addition of Bailey Group, SKS's consolidated group EBITDA has increased from £1.2 million to £4.8 million in the same period (with the Bailey merger contributing £1.8 million of this EBITDA).

To know more:

Aniket Yambal
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Tags:Accounting Services London
Location:Richmond - Surrey - England
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