Wed, 31 Jul 2024 | BUSINESS SALE
A payroll firm based in Ammanford has acquired a counterpart based in the South West of England in an acquisition that facilitates significant growth. Augustus Payroll Services has acquired Bristol-based Payroll Compliance Limited.
The acquisition increases the number of companies that Augustus Payroll Services works with, while providing the company with a strong foothold for growth in the South West of England – a new territory for the firm.
The deal reportedly brings in around 85 new customers from a wide range of sectors across Bristol and the South of the UK. Kay Augustus (pictured above), owner of Augustus Payroll Services, said that the company now has “a diverse and wide-ranging customer base on which we can build”.
Howard Thompson, Regional Executive of UKSE, which supported the acquisition through a regeneration loan, commented: “We are delighted to support Augustus Payroll Services. The firm is planning to create local jobs which will boost the economy. As well as this it will provide an important service to local companies and clients farther afield helping them get their payroll systems correct and make them more efficient.”
Augustus Payroll Services received legal advice and guidance from Peter Lynn and Partners Solicitors during the transaction. The deal was completed within a two-week time-frame, led by lawyers James Lewis-Hyndman and Rob Cherry.
Kay Augustus said that, despite the “very tight timescale to complete the purchase”, Lewis-Hyndman and Cherry “were more than up to the task which allowed us to complete the deal without any disruption to the client bank we acquired."
Lewis-Hyndman added: "Kay certainly set us a challenge with the timescale of this transaction, however, thanks to our extensive experience in business acquisitions such as this, we were able to undertake the transfer of ownership in a timely manner that satisfied all parties and we wish Kay well as she seeks to develop her business further."
Find out about M&A trends in the UK professional services industry
This well-established Berkshire-based practice offers an attractive opportunity with its strong focus on compliance and existing portfolio of quality clients.
Situated in the charming town of North Berwick, the hotel presents a prime opportunity for investors seeking a thriving business in a picturesque setting. In addition to indoor amenities, the hotel boasts a wonderful outdoor dining terrace, allowing...
This market data analysis service is a prime opportunity for complementary service providers seeking to expand their offerings and client base.
24
|
May
|
The Cricketer magazine up for sale | BUSINESS SALE
A century-old cricket publication at strategic crossroads T...
23
|
May
|
Post-production house set to be acquired after entering administration | ADMINISTRATION
LipSync, a post-production house and film equity investor ba...
23
|
May
|
Cost management specialist to target M&A after securing PE investment | BUSINESS NEWS
Kent-based cost management specialist ERA Group is set to ta...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.