Wed, 18 Jun 2025 | BUSINESS NEWS
Bishop Fleming, a 500-strong accountancy firm with 47 partners and a network of offices across the South West and Midlands, has secured strategic private equity investment for its planned national expansion through M&A.
The audit, accountancy, tax and advisory company is aiming to become a national business through strategic mergers and acquisitions and will be backed by a minority private equity investment from growth and private equity investor Synova.
The investment is said to provide Bishop Fleming with the funding required to accelerate its planned growth strategy, as it seeks to establish itself as a leading national firm in the UK. Synova currently manages more than £1.7 billion of capital across the UK, Ireland and continental Europe in a range of sectors.
Bishop Fleming Managing Partner Andrew Sandiford said: "We launched our Better Growth business strategy two and half years ago, designed to double the size of our business through sustainable organic growth. Our performance during that time has been unrivalled in the mid-market space, such that we are now extending that Better Growth vision to grow beyond £200m and over 2,000 people.”
"This investment is the next logical step to develop Bishop Fleming on the national stage through strategic planned M&A activity.”
Sandiford added that Synova was selected as Bishop Fleming’s investment partner because the firm offers “the best of both worlds”, in that they enable the company to “remain majority partner-owned and led”, while providing investment “that perfectly aligns and accelerates our business growth plans."
Oli Bevan, partner at Synova, commented: "Bishop Fleming has delivered impressive performance over recent years and has an exciting vision for its business. It has a solid heritage and foundation for growth and now has a platform to scale up its business. Synova are delighted to partner with the Bishop Fleming team on this exciting new chapter in their growth journey."
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