audit accounting tax

We are passionate about our work

Our highly trained team are here to offer you exceptional service.

Why Sagehill Partners 

Proud to have hand-picked the most talented people, we are building from the ground up.

At Sagehill Partners, we are proud that we attract and have on board the most talented people. Spurred by our international reputation and involvement in projects in more than 20 different jurisdictions, we continue with the same passion to inspire and empower our clients to reach greater business and financial heights.

Our pioneering team has worked with well-known multinational groups, listed entities and other industries spanning:  private equity funds, real estate, health care (medical clinics, pharmacies and pharmaceutical distributors, health insurance), betting, retail businesses (convenience stores, cosmetic outlets, frozen food and book stores), leisure services (hotels and tour operators), poultry and agriculture, manufacturing (aerospace, human and pet food, power generators), professional services, investment firms, investment holding and financing, oil & gas, telecommunications, banking, transportation, shipping and crewing services.

Our Mission and Vision 


Our mission is to develop a creative and diverse professional team with a resilient mindset which will make a positive impact on our clients, our people and our stakeholders.


Our VISION, quite simply, is to become the ultimate “TRUSTED ADVISOR”.

Our Values

Corporate culture matters. How management chooses to treat its people impacts everything for better or for worse

Simon Sinek

Company values are not just a bunch of jargon you throw on your website to impress your readers. They are what shape the culture and define the DNA of an organization. Having defined them, we then nurture and grow with them so they can become an integral part of the organization.

Below are 5 core values that we constantly impart in our communication with our clients and team.


Trust is at the root of everything we do and we seek to create meaningful long-lasting relationships built around trust.


We are what we repeatedly do: excellence is not an act but a habit.


Commitment is our hallmark: we are focused on contributing to your success.


Integrity is in our DNA. At Sagehill Partners, ethics, honestly and fairness are key values.

Global Expertise

Our global expertise and deep international experience is our competitive advantage at Sagehill Partners.

Our Story 

Sagehill Partners is an independent boutique Audit, Tax and Consulting firm founded on the core values of trust, quality, commitment, integrity and global expertise. The firm was founded by Marios Panayides, Demetris Nicolaides and Stelios Spiliotis who have a cumulative experience of over 38 years in audit, tax and consulting with a big four audit firm.

The Partners of Sagehill are members of the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA), the Institute of Internal Auditors (IIA), the Institute of Certified Public Accountants Cyprus (ICPAC), and the Cyprus Institute of Internal Auditors (IIAC).

Sagehill Partners provides dedicated personal attention to every single one of their clients. The firm focuses on building a committed core of professionals whose principal philosophy is to faithfully serve the clients of the firm and ensure their steady growth within Cyprus and the International business community.

The firm is committed to delivering services of the highest quality in a timely and cost-effective manner and expanding the areas of expertise it can offer its clients. The synergy between the various departments enables the firm to style a unique response for each client, add value to their business and deliver the highest standards of excellence.

That standard of excellence makes Sagehill Partners the trustworthy service provider you can depend on to climb with you the hill of growth and success.

Our Team

The Company’s strategic development is currently being spearheaded by its three founding Partners who aim at setting up and growing the Company so it can fulfil its mission and vision.

Marios Panayides
Marios Panayides


Direct: +357 25 000007

Mobile: +357 99 466817

Marios is a Partner and Co-founder at Sagehill Partners. He holds Bachelor of Science in Accounting & Finance with concentration in Accounting and Tax consulting, he is a Fellow Chartered Certified Accountant (FCCA), Certified Internal Auditor (CIA) and an active member of both Associations. In addition, he holds the Advanced Certificate for Financial Services Regulatory Framework of Cyprus Securities & Exchange Commission (CySEC). He is also a member of the Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Institute of Internal Auditors (IIA).

Marios brings to Sagehill Partners more than 15 years’ experience in audit & assurance and corporate consulting. As Senior Manager at Deloitte for more than 8 years, he was responsible for a significant client portfolio where he acquired wide-ranging and extensive audit & assurance experience in private equity funds, retail, manufacturing, shipping, professional services, Cyprus holding companies, large international groups, public listed entities, multinational cross border engagements and complex consolidations. In addition, he was a facilitator and trainer at Deloitte Academy for more than 4 years. He also led a significant number of financial due diligence projects for prospective acquisitions and frequently advised clients on the application of International Financial Reporting Standards. He subsequently joined an international reputable Trust & Corporate services company as Head of Corporate & Financial Advisory, where he gained vast experience in business consulting and international tax planning. Furthermore, he was acting as a board member on various regulated entities.

Stelios Spiliotis
Stelios Spiliotis


Direct: +357 25 000008

Mobile: +357 99 309996

Stelios is a Partner and Co-founder at Sagehill Partners. He holds a Bachelor’s degree in Business and Public Administration majoring in Finance from the University of Cyprus. He is a member of the Institute of Chartered Accountants in England & Wales (FCA) as well as a member of the Institute of Certified Public Accountants of Cyprus (ICPAC).   He was a member of the Auditing Standards committee of ICPAC for more than 4 years (2014-2019) where has been vice-president of the committee for the last 2 years.

Stelios brings to Sagehill Partners 18 years of experience in Deloitte where he was a Director for the last 8 years. Throughout his career, Stelios has gained extensive experience in organising and leading the audits of large local and multinationals located in more than 20 countries, where he was involved in the listing of entities/bonds and audits of public listed entities, complex consolidation processes, and the handling of complicated IFRS and audit issues. Stelios was also a member of the Deloitte Academy training team for more than 11 years, where he was responsible for audit methodology, group audits and IFRSs. In addition, he was directly involved in a number of financial due diligence projects and purchase price allocation exercises on acquisitions and mergers, ERP implementations and development of complicated consolidations and reporting packages, business and derivatives valuations, and testing of internal controls.

Demetris Nicolaides
Demetris Nicolaides


Direct: +357 25 000009

Mobile: +357 99 515979

Demetris is a Partner and Co-founder at Sagehill Partners. He holds a Bachelor’s degree in Mathematics Operational Research and Economics (M.O.R.S.E.) from the University of Warwick, UK. He is a fellow member of the Institute of Chartered Accountants in England & Wales (FCA), a member of the Institute of Certified Public Accountants of Cyprus (ICPAC) and an International Tax Affiliate of the Chartered Institute of Taxation.

Demetris spent the first 11 years of his career in Deloitte working up to the position of Senior Manager in the Audit Department. During his tenure at Deloitte he worked on various local engagements as well as larger multinational engagements of private equity funds and listed companies.

Subsequently, Demetris transitioned to a finance position in an international hedge fund based in Cyprus, while also being heavily involved in the wealth management of the family office. There he held various management and directorship positions across the entire spectrum of the business, including human resources, business development, purchasing, marketing, all of which enabled him to gain a unique business perspective from within a multinational organisation.

Our people are proud members and affiliates of the following organisations: