RMT Accountants & Business Advisors marks 70th anniversary with pledge to create new jobs in 2025

Newcastle professional services company RMT Accountants & Business Advisors has marked its 70th anniversary by announcing a drive to create new jobs at it continues to expand.

RMT, which is based in Gosforth, added 25 members of staff this year, to take its total workforce to more than 150 people over the course of 2024, and it is looking to take on more staff in 2025 as it grows across all its service areas. The company can trace its roots back to 1954, when Robert Miller and Stanley Tate opened an accountancy practice on Newcastle Quayside. After outgrowing its original base, and a second head office in Jesmond, the business bought its own plot of land on Gosforth Business Park 20 years ago, triggering the construction of the offices where it is still based today.

Last year RMT became part of the accountancy group Sumer, and has since made a number of acquisitions within the region as part of its commercial growth strategy. It completed the acquisition of rural and agricultural specialists McCowie & Co late last year, which is now RMT McCowie, and joined forces in the summer with Durham-headquartered Ribchesters Chartered Accountants, which now operates as RMT Ribchesters.

More recently it completed the acquisition of the KSA Group, a specialist restructuring practice with offices in Berwick-upon-Tweed, Gateshead, Edinburgh and London, which focuses on working with directors and owners of struggling businesses, to put rescues into place often without the need for a formal insolvency process.

The Ribchesters and KSA Group deals alone added 48 people to the RMT team.

Managing director Mike Pott said: “The North East has changed out of all recognition over the last 70 years and we’re immensely proud that RMT has remained an integral part of its professional services community throughout. Becoming part of a nationwide organisation like Sumer, with a clear strategy for growth, is providing us with opportunities to bring in additional expertise to enhance the services we offer to our clients.

“We believe that no other regional practice offers the breadth of services that we have available while also providing the level of personal involvement and collaboration that so often makes the difference to meeting clients’ commercial and personal goals.