Helping you prosper
In a significant move, our London & Nottingham and Brighton & Hove firms have agreed to combine with Affinia, the UK’s fastest-growing Top 50 fully integrated accounting and advisory firm, backed by Sovereign Capital Partners, subject to all regulatory and other approval processes completing.
News of the combination was covered in an article by Accountancy Age.
This combination will create a £100m revenue, 1,000 people firm with 17 offices. UHY Affinia will become a member of our UHY Hacker Young Group, positioning us as a Top 25 purpose-led accountancy provider in the UK with a significant nationwide footprint.
All other UK member firms within our Group that are not part of the combination will continue to operate as independent members within our network.
Together, UHY Affinia and our wider UHY network firms will have total revenues of £150m+, placing us as one of the UK’s leading national accounting services providers. Through our UHY International network, our global revenues will exceed $1 billion across over 360 offices in 95 countries worldwide.
This exciting development supports all firms' strategic plans for ambitious growth whilst aligning on our joint and ongoing commitment to helping our clients, colleagues and communities prosper.
This combination is Affinia’s largest transaction to date and reflects the accelerating consolidation taking place across the UK accounting sector. Clients are facing increasing regulatory, commercial and technological challenges and firms need the right scale and investment to keep pace.
Darren Redmayne, Group CEO of Affinia, said: “By joining forces with UHY, we are creating a Top 25 UK provider with the scale, ambition and investment to grow nationally while staying focused on what matters most: our clients, colleagues and the communities we serve. This combination brings together businesses with closely aligned values and a shared commitment to helping clients prosper.”
Subarna Banerjee, Managing Partner of UHY Hacker Young, added: “This transaction marks a significant step in the evolution of UHY in the UK. Together we are building a business of meaningful scale, well positioned to lead through the transformation taking place across the accounting profession, while continuing to play a prominent role within the UHY international network. The UHY Hacker Young Group now offers a unique proposition for firms looking to join a larger brand network, whether as a UHY Affinia owned firm or as an independent member of the UHY Hacker Young Group.”
“We have carefully chosen a partner and a deal structure that will genuinely work in the interests of our teams and clients. This combination allows us to invest in the very best technology and training for our people and clients, enabling us to provide the highest levels of client service. It also enables us to further build on our commitment to our purpose of helping our people, clients and communities prosper. All our teams are committed to protecting that culture and people first approach.”
Andrew Timms, Managing Partner of UHY Hacker Young Nottingham, said: “In recent years, the Nottingham office has grown phenomenally. We have been operating across the East Midlands for more than four decades and are renowned for our close-working, consultative relationships with our clients. Partnering with Affinia, who share our commitment to helping clients, colleagues and communities prosper, enables us to continue to drive forward with purpose regionally, nationally and globally.”
David Guest, Managing Partner of UHY Hacker Young Brighton & Hove, said: “Having been part of the UHY network for almost four decades, joining UHY Affinia secures both continuity and opportunity for our people and clients. We believe this model will appeal to other firms navigating a rapidly changing marketplace.”
