Optimal Accountancy, the North East-based firm of accountants & business advisors, has completed its first acquisition as part of an ambitious new buy & build growth strategy, announcing the purchase of specialist finance consultancy FinFrac Limited.
The acquisition marks a significant milestone for Optimal Accountancy as it accelerates its plan to build a modern, technology‑enabled advisory group focused on supporting SMEs with high‑quality accounting, finance & strategic insight.
FinFrac Limited, known for its fractional finance director services & hands‑on support for scaling businesses, will integrate into the Optimal group while continuing to operate under its established brand. The acquisition strengthens Optimal Accountancy’s advisory capability & expands its footprint across the region’s fast‑growing entrepreneurial & owner‑managed business community.
Paul White (Managing Partner, Optimal Accountancy) said: “FinFrac Limited is a perfect strategic fit. Their team brings deep expertise in finance leadership & operational support, which complements our existing accounting & advisory services. This acquisition is the first step in a wider programme to bring together high‑quality, founder‑led firms that share our values & our commitment to helping clients grow.”
The acquisition forms part of Optimal’s long‑term plan to build a group with national reach, combining local relationships with modern, technology‑driven service delivery. Further acquisitions are expected as the firm continues to target specialist advisory, outsourced finance & niche accounting providers.
Thomas Jobling (Founder, FinFrac Limited) added: “Joining Optimal Accountancy gives us the platform to scale our services & reach more businesses that need flexible, senior‑level finance support. We’re excited to be part of a group that is investing in people, technology & long‑term client relationships.”
Optimal Accountancy is a Group Company of Stephenson Capital, a very long term investment company that acquires & builds enduring businesses with a long term investment plan measured in decades not years. (The deal came together after Optimal Accountancy, FinFrac Limited & Stephenson Capital met at our PLATFORM events).
Optimal Accountancy confirmed that all FinFrac staff will remain with the business, with additional recruitment planned as the combined group continues to grow.