We are delighted to announce that Synova has agreed to make an investment, subject to regulatory approval, into Bishop Fleming, a leading provider of audit, tax, accountancy and advisory services, to support the next phase of its growth.

Founded in 1919, the business now serves over 10,000 clients across a range of sectors, with a particular focus on delivering recurring, compliance-driven, audit and tax services to businesses and public sector organisations with turnovers of £50-100m.

Bishop Fleming operates from 9 offices across the South-West of England and West Midlands and has delivered market leading organic growth of 18% per annum over the last 3 years.

The UK accountancy market remains highly fragmented and Bishop Fleming’s technology platform and cultural differentiation place it in a unique position to consolidate the regional UK market. Synova will support Bishop Fleming’s vision to become one of the leading national firms in the UK through strategic acquisitions; targeting geographic reach and service specialism.