The deal is the first of a number of carefully chosen acquisitions that will - alongside organic growth - support Old Mill as it targets 15% per annum growth for the next five years, and aims to double the size of the business by 2026. The firm reported annual revenue of £19.1m for year end 30 June 2021 and currently has 350 staff.

The value of the deal was not disclosed.

Brook Financial was launched by husband-and-wife team Alison and Kevin Smith in 2006, and provides outsourced financial services, including provision of a full back office finance team function, cashflow management, consultancy and payroll.