North East business advisory firm Ryecroft Glenton (RG) is toasting success after doubling the size of the team in its separate SME division, with more recruitment set to come.
Its Outsourced FD service line was founded five years ago by RG partner Dan Cooper to provide an outsourced finance function solution and board level advisory support for SMEs. The service helps business owners to make informed strategic decisions and assists them in achieving their growth objectives, while supporting them to navigate challenges.
RG, which has offices in Newcastle, Northumberland, and North Tyneside with 15 partners, says Outsourced FD has achieved year-on-year growth between 30% and 40% and established a UK-wide client base, including companies with interests across the US market, in sectors such as recruitment, architecture, and technology. Continued growing demand for the service has come as a result of referrals from non-executive directors and other professionals advising scale up SMEs, through continuing to grow its presence in the market, and from existing clients, who have valued all aspect of its offering over the last five years.
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As a result of the growth, Outsourced FD has doubled its headcount over the past year to a team of eight, with further recruitment planned for the summer. It has also promoted Rachel Johnsone to senior manager after she played a key role in he overall growth strategy of Outsourced FD over the last 18 months.
Dan Cooper said: “The last five years have flown by, and I am exceptionally proud of the growth we are achieving with Outsourced FD.
“It is testament to the commitment of our growing team and the support of our clients that recognise the benefits it brings, most notably the confidence it gives them to get on with what they do best, running and growing their businesses. Our growing client base also brings the opportunity to grow the team, which is exactly what we have done in recent months, and I am confident we’ll be adding more people soon.
“We have built close and collaborative relationships with our clients who value the advice and support we provide, and we are looking forward to continually enhancing the service with more technology-led solutions and talented people who can help our current and future clients grow.”
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