In 1954, Robert Miller and Stanley Tate took the decision to open an accountancy practice on Newcastle's iconic Quayside.
Seventy years on, that practice – RMT Accountants & Business Advisors, as it is now known – is still going from strength to strength, with a team of more than 120 working from its Gosforth headquarters.
RMT has grown to become one of the North East’s highest-regarded professional services firms, providing the full range of financial and business advisory services through its specialist teams. It works with companies of all sizes within and outside the North East, as well as internationally.
Its medical and healthcare division is the largest, dedicated specialist team in the UK outside London and acts for well over 1,000 medical professionals, with client and staff numbers increasing substantially year on year.
RMT is also one of the first independent accountancy firms to set up its own IT/ technology business, RMT Technology, which helps clients across the UK to identify and implement hardware and software solutions which meet their specific business needs.
Mike Pott, managing director at RMT Accountants & Business Advisors, says: “The North East has changed out of all recognition over the last 70 years and we’re immensely proud that RMT has been an integral part of its professional services community throughout.
“The business is constantly developing and evolving, but the decision we took 20 years ago to build our own offices at Gosforth Park was a key milestone in RMT’s history, giving a tangible boost to our operations and laying the foundations for everything we’ve become today.
“We continue to adapt and enhance our offering in line with market needs while always maintaining our focus on delivering the highest standards of service and detailed insight that clients rightly demand.
“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.”
Developing the culture within RMT is of primary importance to Mike and the wider team.
He continues: “The expert team we’ve built and the working culture we’ve created are at the core of RMT’s long-term success.
“We want RMT to be somewhere colleagues feel valued, where they enjoy coming to work and are treated as individuals. We have many longstanding senior team members and believe this to be a real testament to our culture and values.
“Our team know they have the support of their colleagues, from both a professional and a personal standpoint, and that they will get the opportunity to do interesting, valuable client work with us.”
Last year, RMT actioned the latest stage in its development, becoming part of Sumer, the UK’s fastest-growing accountancy group, through an investment arrangement that has made growth by acquisition a key part of its commercial strategy.
The firm recently completed the acquisition of rural and agricultural specialists McCowie & Co, and has further regional acquisitions currently under consideration.
Mike concludes: “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.
“With the Big Four firms becoming ever more remote and smaller practices experiencing the pressure of an everincreasing regulatory burden, the opportunities for firms like RMT have never been greater.
“Our team and our client base continue to grow significantly, and we see no limit to future expansion.”
For further information on the range of services provided by RMT Accountants & Business Advisors, please visit www.r-m-t.co.uk or call 0191 256 9500.