National accountancy and business advisory firm Sedulo Group, which has offices in Liverpool, Leeds, Manchester and London, has announced its year-end results to 31 October 2024.

The consolidated revenues of the group were £20.6 million, 37% ahead of the previous year’s figure of circa £15m. The EBITDA (earnings before interest, taxes, depreciation, and amortization) for the same period was £2.9m, a 45% increase on the previous year’s result. The current run rate of the company is closer to £23m of fees.

The main growth areas for the firm were within tax incentives, financial planning, debt funding and deal advisory services.

In 2024, the group’s headcount increased from 175 to 215, with the deal advisory side growing significantly after Logan Rowan’s recruitment earlier in the year; as a result, the transaction services team had a record year.

During the year, Sedulo acquired an R&D specialist and opened its fifth office in Birmingham, whilst introducing a capital allowance and energy tax relief offering to the tax incentives scheme.

The group was recently voted the 48th best mid-sized business in the UK to work for, and its run rate means it is one of the Top 50 largest accountancy practices in the UK.

Paul Cheetham-Karcz (pictured), founder of Sedulo, says: “The year end results are a great achievement and in line with a strategy towards a £30m business in the next couple of years. They are testament to the dedication and commitment of the team we have built here, which is the secret behind our success.

“There is a real opportunity in our market space to be the largest founder-led, independently owned, boutique advisory firm in the UK. We intend to own that space.

“The recent recruits have senior national expertise in some of the largest consultancy firms. Bringing them into our organisation and deploying them in our local territories gives us a real advantage over our competitors. It really is high-level, world-class teams delivering holistic business advisory services locally to our client base.

“We look forward to the next 12 months, which should see us edge towards £25m in revenue whilst investigating the opening of a further strategic office.”

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