Sedulo Group is celebrating a record year after recording revenues of £24.5 million.
The business advisory firm said revenues had grown 20% in the year to 31st October 2025 compared with the previous 12 month-period.
The EBITDA for the same period was £3.2m, an 18% increase on the previous year’s result of £2.6m. The group is now operating at a run rate approaching £26m, it said.
Financial planning, debt advisory and tax advisory were the main growth divisions for the firm.
The figures are on the back of a strategy set in 2023, when revenues were £15m, to double in size by 2026 and the organisation is firmly on track. A further strategy is underway to reach £50m of revenue by 2029.
Despite the jump in revenue during 2025, headcount remained relatively stable at 220, with the increased revenue coming from dealing with larger businesses across the UK and dealing with more complex advisory work.
Sedulo Group’s charitable arm – the Sedulo Foundation – continued to assist children in poverty, donating around £250,000 to people in need across the country.
“The year-end results, in a volatile economy, are a great achievement and as we are in line with the strategy set in 2023, we have now set a plan for 2029 towards £50m of revenue,” said founder Paul Cheetham-Karcz.
“We have invested heavily in acquiring talent from the larger consultancy firms, and the increased level of expertise has paid dividends. We find ourselves working on more sophisticated projects, for larger clients, and this has driven our growth.
“Last year we identified a real opportunity in our market space to be the largest founder-led, independently owned, boutique advisory firm in the UK. Our industry has continued to consolidate, with PE-backed platforms acquiring other firms at a rapid rate. We have chosen to stay out of this strategy and focus on building organically.”
Cheetham-Karcz added: “Our investment this year focused on the audit and tax advisory team, the territory of Birmingham and we are still looking to open further offices in the UK next year.
“A recent exciting development is the commitment to open our first international office, with the launch of Sedulo Dubai imminent for Q2 2026. Our international tax team has been advising individuals on relocating to Dubai for the past few years, and it felt like a natural opportunity and move to formalise this with the opening of our own office.
“We look forward to 2026, and then the following three-year period beyond this, which should see us edge towards £30m in revenue next year, and £50m beyond that.”
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