Paul Tutin, managing partner of Streets, explains why he decided to expand the accountancy group without turning to private equity money and sacrificing autonomy
Streets was originally founded in 1907 and is now a UK Top 40 accounting firm with annual revenue of £40m. It has almost 500 team members and 70 partners, and is growing organically and through targeted acquisition. This growth has been achieved without private equity (PE) funding, or external backing.
Paul Tutin, managing partner of Streets, said organic growth was a key part of his business’ DNA, and will continue to be so. Earlier this month the company announced that it had acquired Belfast-based Fitpro Finance, taking its footprint to 33 offices.
The accountancy sector has chased scale through private equity backing over the last five years, illustrated by the number of small independent practices which have disappeared from the local high street.
