The KSA Group specialises in pre-insolvency solutions and works with the directors and owners of struggling businesses to effect rescues often without the need for a formal insolvency process.

The 15-strong KSA team, which includes four directors and two licensed insolvency practitioners, is staying in post, with the combined restructuring team being led by RMT director and head of recovery and restructuring Chris Ferguson.

The deal marks RMT’s third acquisition since it became part of the Sumer Group, a mid-market accountancy practice for SMEs, and made growth by acquisition a key part of its commercial strategy.

Chris Ferguson, director and head of recovery & restructuring at RMT, says: “Much of the work done by insolvency professionals goes under the radar, with pre-emptive support and advice helping to save hundreds of companies and thousands of jobs across the UK every year without the need for a formal insolvency process.

“KSA has a particularly strong regional and national reputation in this respect, with the team’s skills and experience complementing RMT’s existing recovery and insolvency offering extremely well.

“The increased resources that the combined team provides will enable us to widen the reach of our business rescue and restructuring work, both within the North East and across the UK.

“This is the latest example of how becoming part of a nationwide organisation like Sumer, with a clear strategy for growth, is providing us with opportunities to bring in additional expertise which enhances the services we offer to our clients.”

Keith Steven, founder and managing director at KSA Group, adds: “Our long-term success has been based on working directly with owners and directors to provide a holistic picture of the options available to their struggling businesses and then delivering the support and advice they’ve needed to find the best way to move forward.

“Becoming part of a larger group will provide continuity for our expert team and a range of new opportunities, and we’re excited to be moving into this next stage of our business’s development.”