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Capital and Trust - March 29, 2023 - 0 minute read

Affinity Associates, an international accountancy and consultancy firm headquartered in London, has recently acquired Flemmings, a financial services group located in Croydon.

While the exact sum of the deal remains undisclosed, HSBC UK supported the acquisition by providing Affinity Associates with a seven-figure finance package. As a result, 28 Flemmings employees will become part of Affinity Associates, increasing the UK staff count to 100, while Flemmings’ Croydon office will be incorporated into Affinity Associates’ network of global offices.

Dharmesh Amin, the director of Affinity Associates, expressed his excitement about the acquisition and the future growth plans of the combined companies:

“We are delighted to welcome Flemmings to the Affinity Associates family. Its shared values and collaborative approach to business make the two organizations an ideal fit – and we are looking forward to seeing what can be achieved together.”

“We also want to thank HSBC UK for its support in making this acquisition happen. We are excited about the future as we start making our growth plans a reality.”

Flemmings, established in 1989, provides a wide range of services including accounting, financial advice, property consultancy, and wealth management services. Meanwhile, Affinity Associates, founded in 1987, has 14 offices worldwide and offers a variety of services such as accounting, taxation, and financial services. This acquisition will enable Affinity Associates to expand its services and further increase its global presence.

If you’d like a confidential, obligation-free discussion about selling or acquiring a Wealth Management / Asset Management business, please click here, alternatively contact us at 0207-043-4300 or email us.

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