An accountancy firm has been acquired by Nuvo, marking the company’s arrival in Warwickshire.
In a seven-figure buy-out, Pentlands Accountants and Advisors, in Warwick, has become the 34th acquisition in 21 years by the Derby-based firm which was last year ranked #73 in the UK Top 100 Accountancy Firms.
The deal is said to be a perfect fit for both businesses whose core client base is SMEs and micro businesses. It marks a watershed moment for Elinor Perry who last year celebrated her 20th anniversary in charge of the 28-year-old business where nine full and part-time staff servicing the needs of more than 250 loyal clients from their Pegasus Court offices. She said:
“This acquisition brings strength to our ability to deliver services to clients. We are now part of a much bigger organisation that has lots of skills and resources which we can tap into to help clients with their growth plans. We were very good at doing that but now we can do it on a much bigger scale."
“Nuvo aligns seamlessly with our values and culture. By joining the Nuvo Group, we will be able to further enhance our ability to assist our clients in growing their businesses. This partnership will also enable us to offer new services and support, ensuring our clients' continued success.”
Elinor, who remains a Partner, added:
“As part of the sale three key long standing team members exercised their share options and all the team have moved over to Nuvo’s four-day working week contract resulting in a better work-life balance, along with a 5% Employee Benefit Trust, designed to reward everyone in the shared success of the company”.
“We told all the clients personally over several weeks. Personal relationships are what we built the business on, so it was really important to reassure the clients that it's business as usual."
Nuvo was named the fastest growing accountancy firm in 2025, this latest acquisition is part of Nuvo’s growth plan to become a top 25 UK firm by 2030. The teams offer expertise in accountancy, tax, audit and advisory.
Founder and CEO Steve Sharp said:
“It’s great to welcome Elinor and her team to the Nuvo Group. From our first conversations it was obvious the alignment between the businesses especially in terms of the culture, values and the way Pentlands position themselves as a people focused, modern firm. Pentlands has a strong brand in the region which is why we will be co-branding”.
“Our message to the Pentlands clients is that it really is business as usual, it's the same team delivering the same services from the same office and the same service levels that they've been used to just with the benefit of having a larger group behind Pentlands, which offers them access to additional services where they're needed.”
It’s a momentous personal chapter for Elinor who, in 2005, aged 34, did a management buyout from the existing owners of the business – eventually also going on to buy out her business partner in 2010.
Reflecting on the acquisition, Elinor said:
“Having guided many business owners through this journey over the years, I understand the process well. However, you never truly appreciate it until you experience it firsthand. The emotional attachment is significant; this business has been my foundation for two decades. Therefore, it was crucial to find the right home for the team, the clients, and myself as I transition into a new role within a larger organisation. “
