Growing Newcastle business advisors RMT snaps up KSA Group in undisclosed deal

Growing North East business advisors RMT have snapped up a specialist restructuring practice in an undisclosed deal.

Newcastle based RMT Accountants & Business Advisors, part of the Sumer Group, has completed the acquisition of the KSA Group, which specialises in pre-insolvency solutions. The company, which has offices in Berwick-upon-Tweed, Gateshead, Edinburgh and London, works with directors and owners of struggling businesses to achieve rescues, often without the need for a formal insolvency process.

It was one of the first UK insolvency practices to use the internet to deliver its services, by launching an online portal 23 years ago. The 15-strong KSA team, which includes four directors and two licensed insolvency practitioners, is staying with the business. The combined restructuring team is being led by RMT director and head of recovery and restructuring, Chris Ferguson