Swansea chartered accountants Fergusons & Peters have received further support from Tata Steel subsidiary UKSE as the practice continues to grow and develop.
In 2017 Fergusons of Gorseinon acquired Pontardawe practice Peters & Co in a six-figure deal supported by UKSE and other investors.
Now UKSE has provided a further £50,000 loan to help the firm expand its range of services working to help local companies create jobs for the community.
Director Tracey Jones explained the strategy behind the investment. “We have reached a size where the senior team at the firm will be offering an advisory service to help business owners set, and achieve, their objectives.
“We can bring the knowledge and collective experience we have gained over the years across a range of sectors to bear, in terms of advice to business owners, helping them to take a considered view of their aims and set a path to achieving them.”
The firm plans to take on three extra staff in the next three years bolstering the compliance team and freeing up senior management.
In an ever-more complex business world, companies expect accountants to be business advisors as well as ensuring they are fully compliant, she added. “We will be showing how to use the latest technology such as AI to inform business planning and get a clear picture of where they are heading.”
Fellow-Director Dean Beniamous said ongoing support from UKSE had been vital. “The new funding from UKSE will be used to strengthen the compliance team and free up time for the Directors to work closely with clients on their growth strategies,” he said.
Michelle Noble UKSE Regional Executive said she was delighted to provide continued support:
“At UKSE we work to support the local economy by making strategic investments in businesses and organisations that will create lasting jobs and prosperity.
“A firm such as Fergusons & Peters plays a huge role in the locality, creating skilled professional jobs within the practice itself, and by helping its clients to scale-up, and in turn generate employment. We wish them every success in this chapter of their development.”
About Tata Steel
- The Tata Steel Group has been named one of the most ethical companies in the world, and is among the top producing global steel companies with an annual crude steel capacity of 34 million tonnes.
- Tata Steel in the UK has the ambition to produce net-zero steel by 2045 at the latest, and to have reduced 30% of its CO2 emissions by 2030.
- Tata Steel is the largest steelmaker in the UK with primary steelmaking at Port Talbot in South Wales supporting manufacturing and distribution operations at sites across Wales, England and Northern Ireland as well as Norway, Sweden, France and Germany. It also benefits from a network of international sales offices around the world.
- Tata Steel employs more than 8,000 people and has an annual crude steel capacity of 5 million tonnes, supplying high-quality steel products to demanding markets, including construction and infrastructure, automotive, packaging and engineering.
- Tata Steel Group is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world.
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