Bishop Fleming Gears Up for Growth with Synova Investment
Deal News | Jun 18, 2025 | Synova Capital LLP
Synova Capital LLP has agreed to invest in Bishop Fleming, a prominent British audit, tax, accountancy, and advisory service provider, pending regulatory approval. Founded in 1919, Bishop Fleming caters to over 10,000 clients across various sectors with a strong focus on businesses and public organizations with turnovers between £50-100m. The firm operates from nine offices across the South-West of England and the West Midlands, achieving an impressive organic growth of 18% per annum over the past three years. The UK accountancy sector's fragmentation presents an opportunity for consolidation, aligning with Bishop Fleming's strategic vision supported by Synova, to become a leading national firm through targeted geographic and service specialization acquisitions. Bishop Fleming will remain majority partner-owned, combining the traditional partnership model with innovative backing. This strategic partnership will enable Bishop Fleming to scale its operations and reach new heights.
Sectors
- Accountancy
- Private Equity
Geography
- United Kingdom – Bishop Fleming operates primarily in the UK, with offices located in the South-West of England and West Midlands, and aims to expand its national footprint.
Industry
- Accountancy – The article focuses on Bishop Fleming, a prominent firm in the audit, tax, accountancy, and advisory sector.
- Private Equity – Synova Capital LLP is a private equity firm making an investment in Bishop Fleming to support its growth strategy.
Financials
- 18% – Bishop Fleming's annual organic growth rate over the last three years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bishop Fleming | Target Company | Company | A leading provider of audit, tax, accountancy, and advisory services in the UK. |
| Synova Capital LLP | Private Equity Firm | Company | Synova is a PE firm investing in Bishop Fleming to support its growth through strategic acquisitions. |
| Andrew Sandiford | CEO of Bishop Fleming | Person | Andrew Sandiford is the Chief Executive Officer at Bishop Fleming. |
| Oliver Bevan | Partner at Synova | Person | Oliver Bevan is a partner at Synova, responsible for the investment in Bishop Fleming. |