Cogital Group’s turnover of £453m is up from £301m in 2017, following another year of acquisitions.
Half of its revenue was generated in the Nordic markets and the other half in UK markets.
The group has 177 offices across the UK, Norway, Finland, Sweden, Denmark, Romania and Lithuania and now has 6,000 employees serving 90,000 clients.
Just under half (49%) of the group’s revenue is generated through business process outsourcing, accounting, book-keeping, compliance tax and global services while 18% is generated through Payroll and HR related services.
The majority (84%) of the groups clients pay less that £5,000 in fees and account for 25% of the groups value, while 21% of value is generated by the 1% of clients paying more than £100,000 in fees.
In September, the group completed its largest acquisition to date of top-20 accountancy firm Wilkins Kennedy, which had 18 offices across London and the South East and revenues in excess of £54m.
Former Deloitte chairman and CEO and now executive chairman of CogitalGroup John Connolly established the group – consisting of Blick Rothenberg, the former business process outsourcing division of Visma and Baldwins.
“Having rapidly expanded through strategic acquisitions within the UK and Nordic markets, our clear focus is on continued organic growth and selected, smart M&A,” he added.