Inaequo, a Scottish finance company, has been acquired by Richard Skellett’s future-of-business group Globalution, which includes Bloor Research and Allied Worldwide. This acquisition will significantly boost the group’s investment in business model change capability for their clients.
The Group also announce the appointment of Inaequo entrepreneurial co-founder Kevin Steel FCCA to the board as Group Chief Financial Officer.
Inaequo, a finance company built on technology and the power of data, was founded in early 2021 by chartered accountants Kevin Steel and Martin Watt. Numerous clients across different sectors have benefitted from working with them and finance functions have been transformed by providing visual financial & non-financial analysis to improve business performance.
Their unique approach to a modern finance function is pivotal to the Globalution Group strategy of delivering business model change through a broad range of solutions to help companies stop cost being a reoccurring symptom.
The founding principles of the group are driven by Bloor Research and its acclaimed Mutable Business™ strategy – the need for a business to be in a ‘Permanent State of Reinvention.’ Bloor have been saying evolve or die for the past 10 years and the failing of business to adopt this has been illustrated in the latest PwC 2023 CEO survey. From 4,410 chief executives many admitted that they aren’t spending enough time on business reinvention, and 22% of UK CEOs believe their business will not be economically viable within a decade on its current course, while 10% believe they have less than three years.
Globalution are the leading provider for business re-invention solutions and Inaequo joining the group offers an enhanced end-to-end service for clients and fast track access to business model change.
Richard Skellett, future of business expert and founder of Globalution said: ‘We have long believed that adoption of new ways of working and re-invention are behind the curve, the worrying findings of the latest CEO survey validate this. Inaequo significantly increase our capacity and enable us to provide a fast track to help business eradicate fixed costs and become financially resilient. The time to evolve or die is now or face extinction’.
Kevin Steel, co-founder of Inaequo said: ‘We’re really excited join the group. As soon as we met with the senior team, we knew that our missions were the same. Bloor’s Mutable Business strategy can only be realised by operating model change and we have the expertise and capability to achieve this. Now, with Globalution backing we can reach even more organisations to ensure their financial viability.’
