Tag Archives: RSM

FHL reports revenue increase during year of great change

FHL has major growth plans and is ramping-up headcount

14 May 2018 – FHL Cloud Solutions saw a single digit revenue increase for financial year ending 31 March 2018. This is despite a year of significant change, with FHL becoming part of RSM UK in November 2017. The combined FHL and RSM businesses has formed the largest and leading NetSuite provider across Europe.

With the backing of RSM – a leading audit, tax and consulting firm – FHL is planning to drive revenue growth by 30 per cent (for financial year ending 31 March 2019) and almost double headcount.

‘To sustain revenue growth the same year as being acquired is a phenomenal achievement’, says Andrew Peddie, Managing Director of FHL Cloud Solutions. ‘This proves the resilience and professionalism of the FHL team. With RSM’s support, we’re now in an even stronger position and look forward to fast and sustained growth.’

FHL, which is a 5 star NetSuite solution provider, plans to increase its professional services capacity in order to fulfil the growing support needs of its own clients as well as RSM’s international client base. This will involve an intensive recruitment drive in partnership with Staffordshire University that will see FHL’s headcount substantially increase over the next 12 months.

Peddie says, ‘The professional services team, which provides first-rate implementation, training and ongoing support services, is our largest growth area. We’ll be working in partnership with Staffordshire University to recruit high calibre graduates and apprentices so that we can increase the bandwidth of our team.’

‘Our growth ambitions will undoubtedly consolidate FHL’s position as Europe’s leading cloud solutions provider’, adds Peddie.

RSM UK acquires FHL to become Europe’s largest and leading NetSuite provider

Leading audit, tax and consulting firm RSM UK has acquired FHL, the UK’s leading provider of Oracle NetSuite products, services and solutions.

FHL and RSM’s combined practice will form the largest and leading NetSuite partner and provider, not just in the UK, but across Europe.

FHL’s 54-strong Crewe-based NetSuite capability will complement RSM existing NetSuite offer. The collective team of almost 100 will provide clients with both greater reach through RSM’s UK and global network, and a breadth of skills and capabilities that ensure greater collaboration with the businesses it serves.

David Gwilliam, RSM Chief Operating Officer said:

‘We’re delighted to announce the FHL acquisition and welcome their market leading NetSuite team into the wider RSM family. The prospects for this expanded offering are very exciting indeed. Being the UK and Europe’s largest and leading NetSuite provider significantly strengthens our capability to provide clients with a broader spectrum of business systems services and solutions.’

The new combined operation ensures an enlarged NetSuite business systems service encompassing cloud enterprise resource planning (ERP), CRM and E-commerce.

Andrew Peddie, FHL Managing Director said:

‘This move to integrate with RSM marks a game-changer in our market. For us as a company it presents the next natural step in our growth cycle. This is also about people. The NetSuite technology can’t be effectively deployed without the right people in place to provide the necessary skills. RSM is a great fit, both culturally and in terms of what each side can offer.’

Chris Knowles, lead partner for technology and management consulting at RSM said:

‘Our enhanced market proposition significantly strengthens our own ability to engage with a more diverse client base both large and small, in more locations, and in a greater variety of sectors. It also bolsters and expands Oracle’s growth plans for the NetSuite product itself. For us this isn’t simply a case of capturing greater market share – diversifying our own NetSuite delivery capability is critical in remaining one step ahead of the curve in what is a highly competitive market.

The acquired company will continue to trade as FHL.

https://www.rsmuk.com/news/rsm-uk-acquires-fhl-to-become-europes-largest-and-leading-netsuite-provider