Manchester's Tree Accountancy Acquires Pomegranate Consulting UK Client Base in Strategic Expansion Move
MANCHESTER – In a move set to reshape the local accounting landscape, Tree Accountancy has acquired the entire UK client portfolio of Pomegranate Consulting. The deal significantly expands Tree’s market reach and service capacity, while integrating a team of professionals from the acquired firm.
The transaction, finalized this week, provides Tree with access to a broader spectrum of mid-market business clients and immediately increases its accounting and advisory workload. As part of the agreement, key Pomegranate staff including Azeem Jilani (Tax Senior), Joanna Mazik (Accountant), and Simon Vincent (Manager) will transfer to Tree, ensuring continuity for the transitioning client base.
This marks Tree’s second acquisition in three years, underscoring an aggressive growth strategy focused on scaling its client base and diversifying service offerings beyond traditional compliance work. The firm is positioning itself as an integrated provider, combining digital tools with strategic advisory to help businesses navigate regulatory complexity and pursue growth.
“We have long respected Pomegranate’s team and their client-centric approach,” said Nik Hynes, Partner at Tree Accountancy. “This alignment of values means clients will experience a seamless transition and gain access to our full suite of services, particularly through our ‘Scale to Success’ framework which emphasizes collaborative innovation.”
Ansar Mahmood, Director at Pomegranate Consulting, echoed the sentiment: “We are confident our clients will be in capable hands. Tree’s expanded service range and shared ethos made this the logical next step for our client portfolio.”
The acquisition reflects a broader trend in the UK accounting sector, where firms are consolidating to offer more comprehensive, technology-driven solutions. For small and mid-sized businesses, this often translates into access to deeper expertise and more sophisticated digital systems, though some industry observers caution about reduced choice in a consolidating market.
Industry Voices: Reaction to the Deal
Michael Thorne, Financial Analyst at Cedar Insights: “This is a smart, tactical acquisition for Tree. It gives them instant scale in a competitive region and bolsters their advisory capabilities. We’re likely to see more of these portfolio acquisitions as firms look to gain market share without the complexity of full mergers.”
Priya Sharma, Small Business Owner & former Pomegranate client: “I was initially anxious about the change, but the communication has been reassuring. If this gives me access to more advanced tax planning tools and a larger specialist team, it could ultimately benefit my business.”
David Reeves, Editor at UK Accounting Weekly: “Let’s not sugarcoat this—this is another sign of the relentless consolidation squeezing the mid-tier. ‘Shared values’ is the usual PR gloss. The reality is fewer independent firms and more clients funneled into larger practices. The question is whether personal service gets lost in the scramble for scale.”
Eleanor Grant, Management Consultant: “The staff transfer is a critical detail. Retaining key personnel smooths the transition and preserves client relationships. Tree’s challenge now is to integrate the new workload without diluting the quality that attracted these clients in the first place.”
This report was based on information from International Accounting Bulletin.
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