Wed, 30 Jul 2025 | BUSINESS SALE
Private equity-backed accountancy group BK Plus has continued its acquisitive growth with a deal for a prominent firm based in the North East. The acquisition of Read Milburn builds on BK Plus’ existing presence in Jesmond, Newcastle, where the West Midlands-based group opened one of its first regional offices outside of the Midlands.
Based in North Shields, Read Milburn supports a wide range of clients spanning businesses and charitable organisations. The company provides tailored advice covering taxation, accounting, payroll and company secretarial services.
According to BK Plus, the company has built a strong reputation in the region and is known for close client relationships. The buyer adds that the deal will enhance its offering to clients in the region, while providing Read Milburn’s clients with access to a broader range of services, alongside the same level of support they have previously received.
The Read Milburn team will be integrated into BK Plus’ Jesmond office over the coming months. The deal continues BK Plus’ rapid acquisitive growth, which has seen it expand from a single office to 30 locations within four years.
The group, which is backed by Palatine, now has more than 600 staff nationwide and has established itself as one of the fastest-growing accountancy firms in the UK.
Dawn Walton, partner at BK Plus, said: "Read Milburn is exactly the type of firm we want to work with. They have great relationships with their clients, they know their region, and they deliver the kind of advice that makes a real difference to business owners.”
"Together, we can offer even more support to SMEs across the North East, while keeping what matters most – local people delivering local services in local offices."
Read Milburn partner Nick Liley commented: "Joining BK Plus means we can keep delivering the same personal service but with the added strength of a national firm behind us. It opens up new opportunities for our clients and our team, and we’re excited about what this means for the future."
M&A can be a perfect route for mid-sized firms seeking to grow rapidly
This unique opportunity offers you the chance to acquire a well-established accountancy practice with a loyal client base and strong recurring revenue, located in Bristol.
A retiring independent financial adviser in London presents an opportunity to acquire £80 million Funds Under Management from a loyal client base, ideal for expanding your existing advisory capacity.
A well-established Shropshire Independent Financial Adviser business with 25 to 30 years of experience and £80m FUM presents a promising opportunity for growth, given the relatively young client bank.
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