Since acquiring Diverger, a major player in Australia’s financial services landscape, accounting and wealth services provider Count (ASX: CUP) has been recording major cost synergy benefits. The Company has noted that annualised expected cost savings from the integrated wealth management business have been upgraded to about $4 million. This will be achieved in FY25. The
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Since commencing an aggressive expansion strategy by rolling up accounting firms, Kelly Partners (ASX: KPG) has had no shortage of acquisition targets, confirming a new accounting and financial planning business located in Northern Beaches has been added to their New South Wales network. The Northern Beaches addition continues a quickfire acquisition spree that the accounting
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The SOFY acronym may not be as well known as its cousin EOFY but similar opportunities exist for thematic investors to capitalise on stocks that benefit from the Start of Financial Year festivities. As a period dedicated to accountants that will be frantically logging receipts to fall within the FY21 reporting period, fintech provider Class
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Accounting and financial services company Kelly and Partners (ASX: KPG) is accelerating its national expansion plans with the acquisition of a new firm located in Gosford, NSW as part of a strategy to roll up accounting businesses that can become Top 100 firms by size. The strategic acquisition will provide a Kelly Partners subsidiary with
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Accounting firm operator Kelly Partners Group Holdings (ASX: KPG) has announced they have entered into an agreement to acquire a Melbourne CBD accounting firm, anticipated to build the group’s client group base, recurring revenue, and EBITDA. Acquisition of the 25-year-old Melbourne firm is anticipated to be completed in November and it is reported the deal
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Traditional factoring is when a company wants to borrow against receivables, ie money owed to them for supplying a product or service. Reverse factoring is when a company owes money and it wants to delay making that payment. For example, a company is much better off, in cash flow terms, if they can make the
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