RAN Group becomes Enora Group and expands into the UK by acquiring Ellacotts

Enora Group (formerly RAN Group) has acquired Ellacotts, a top 100 UK accountancy firm with a history dating back to the 1960s. The acquisition represents Enora Group’s first expansion outside the Nordics and strengthens the Group’s position as one of the fastest-growing providers of accounting, payroll and advisory services in Europe.

Ellacotts is headquartered in Banbury and operates through five offices across the Midlands and London. The company provides a broad range of services, including tax compliance and advisory, accounting, wealth planning, forensic services and audit.

The acquisition brings over 110 experts to Enora Group and adds revenue of approximately EUR 12 million (GBP 10.2 million). Following the acquisition, the combined Group will serve about 50,000 clients with 3,000 experts over 100 locations, and the Group’s pro forma revenue will increase to approximately EUR 360 million.

Ellacotts serves a diverse client base ranging from agricultural and private clients to owner-managed businesses and multinational companies. Agriculture has historically been one of the company’s key sectors, and today its client base also includes academies, charities, international clients, and owner managed businesses.

The acquisition provides Enora Group with a strong local presence in the UK and a platform for further growth in one of Europe’s largest professional services markets. The combination of Ellacotts’ long-standing client relationships, sector expertise and established UK market position combined with Enora Group’s Nordic experience, technology capabilities and scale creates new opportunities to support clients with increasingly comprehensive financial management and advisory services.

“Joining Enora Group marks an exciting new chapter for Ellacotts. The business has been built on deep client relationships, specialist expertise and a strong understanding of the sectors we serve. As part of Enora Group, we will be able to continue developing our services, create new opportunities for our people and provide our clients with access to an even broader range of expertise and resources. We look forward to building the future together,” says David Stevens, CEO of Ellacotts.

“The acquisition of Ellacotts is a great milestone for Enora Group. It marks our first step outside the Nordics and gives us a strong foundation in the UK market. Ellacotts is a highly respected firm with a long history, an experienced team and a strong position in several attractive client segments. Together, we can combine local expertise and trusted client relationships with the scale, technology and development capabilities of Enora Group. We are very pleased to welcome our new colleagues in the UK to the Group,” says Veronica Rörsgård, CEO of Enora Group.

“Enora Group has grown significantly in the Nordics, and this acquisition is an important step in the next phase of its development. The UK is a large and attractive market for accounting, payroll, taxation, and advisory services, and Ellacotts provides a strong entry point with its established position, broad service offering and experienced team. We see significant long-term potential in combining Enora Group’s Nordic platform with strong local companies that share its commitment to quality, customer value and continuous development,” says Fredrik Korterud, Partner at Norvestor.

Additional information

Veronica Rörsgård, CEO, Enora Group, Tel. +46 (0)730551720, Email: veronica.rorsgard@enoragroup.com

Enora Group is the leading tech-enabled full-service partner, uniting trusted accounting, premium advisory and modern technology across platforms. The Group supports companies with accounting, payroll, audit and advisory services that help clients improve efficiency, strengthen decision-making and develop their business.Enora Group operates under the brand name Enora in Norway and Sweden, Rantalainen in Finland and Ellacotts in the UK. The Group employs 3,000 professionals across more than 100 locations. The Group's pro forma revenue in 2026 is circa EUR 360 million. The Group is owned by the Nordic private equity company Norvestor Advisory, the Group management and key employees. More information at enoragroup.com

Norvestor is a leading private equity company focusing on mid-market buyouts in the Nordics and adjacent regions. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 103 investments with >800 add-on acquisitions, in addition to executing 68 exits, including 16 IPOs. The Norvestor Funds seek to invest in ambitious growth companies that have the potential to achieve a leading position in the Nordics and beyond, typically through organic growth, acquisitions across fragmented industries or by geographic expansion. Read more at www.norvestor.com

Ellacotts is a leading independent accountancy and business advisory firm, ranked among the UK’s Top 100 accountancy firms. Founded in the 1960s and headquartered in Banbury, Oxfordshire, with offices in Kettering, Birmingham, Stratford upon Avon and London, Ellacotts provides accounting, audit, tax, forensic accounting and wealth planning services to businesses, farms and estates, and private clients. The firm is regulated by the Institute of Chartered Accountants in England and Wales (ICAEW), and its wealth planning arm, Ellacotts Wealth Planning Limited, is authorized and regulated by the Financial Conduct Authority. Ellacotts employs around 110 professionals and is a member of the UK200 Group and an international affiliate member of AGN International enabling it to support clients internationally. More information is available at ellacotts.co.uk