Clive Owen LLP

DFP Services, the Durham-based business, which provides a wide range of fire and security, mechanical, electrical and nurse call systems, has completed the acquisition of Incom Systems Communications Specialist Limited.

Advised by specialists at Clive Owen LLP, Knights and PCF Solutions, the deal follows the acquisition earlier this year of Cortech Fire and Security Systems.

The addition of the Osset and Ashington- based companies is part of DFP Services’ ambitious growth plans. The company, which was founded in 1992, was named in a list of the North East’s fastest growing companies in 2018. It also has hubs in Leeds and Manchester.

Incom Systems is a leading supplier and installer of a wide range of communication systems, including Warden Call, Door Entry, DECT, Access Control, CCTV and alarms for businesses, schools, hospitals and nursing care.

Cortech Fire and Security Systems has been installing and maintaining fire and security systems in homes, businesses, hospitals, council buildings and other premises in the North East of England since 1986.

The three businesses employ 104 people with a combined turnover of £9.7m.

Jon Seed, managing director of DFP Services, said: “These two deals demonstrate our determination to not only grow organically but also through the acquisition of companies with great synergy to our core business.

“They have strong management teams, which will remain in place and an ethos of excellent customer service that reflects our own.

“I’d like to thank all the advisors who worked with us to make the process as smooth as possible.”

Clive Owen LLP corporate finance director David Wilson who advised on the acquisition said: “It has been a pleasure to work with Jon and the fantastic DFP team on these two acquisitions. DFP are a hugely ambitious North East business delivering significant year on year growth and these two, strategic additions further strengthen their place in the market and demonstrate their strong appetite to deliver on their exciting growth plans for the benefit of all their stakeholders”.

Daniel Flounders, Corporate Partner at Knights, said: “We’re proud to have supported a local business with such a well-earned reputation as it looks to grow. This acquisition shows the strength of businesses in our region and is great news for the North East.

“It was great to work with Jon and the team at DFP Services and we look forward to supporting their future successes.”

Jenny Waters of Clive Owen LLP, Matthew Ray of Knights and Stephen Padgett of PCF Solutions also advised on the deals.

ENDS

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CONTACT: Caroline Walker on 01325 363436

Notes to editors:

Clive Owen LLP are Chartered Accountants and Business Advisers.

The firm has 12 partners and 128 staff across four offices in Darlington, Middlesbrough, Durham and York.

It is an independent and commercially driven regional accountancy firm providing value added services to corporate, commercial, public sector and private clients.

Over the past thirty-nine years the firm has established itself as one of the largest and most trusted professional firms in the North East. This has been achieved by working closely with its clients to understand their needs and aspirations to ensure they achieve their financial goals.

Its services include:

Audit and Accountancy

Tax

Business Planning

Managed Services

Corporate Finance

Grants

It is a member of Kreston Global which is a worldwide network of independent accountancy and advisory firms.

Founded in 1971, Kreston offers reliable and convenient access to high-quality services through member firms located around the globe. Currently ranking as the 12th largest accounting association in the world, Kreston now covers 125 countries providing a resource of over 25,000 dedicated professionals.

This global network can be of huge value to our clients who can benefit from enhanced research coverage, local market knowledge, and cross-border professional expertise.