Date
20 Jun 2023Category
Azets, the UK top ten accountancy group, has bolstered its digital offering to clients with the acquisition of Gorilla Accounting, the digital accountancy firm for entrepreneurs, sole traders and small limited companies, and number one ranked accountancy firm on Trustpilot.
Gorilla Accounting was founded by Dan Fallows and Tim Murphy in 2015 and has rapidly grown to employ 45 people, with its headquarters in Bolton.
Gorilla Accounting has built a strong reputation as the demand for self-employed contractors, freelancers, and those operating as limited companies has grown in recent years.
To capitalise on its reputation and strong demand for specialist tech-enabled accounting services, Gorilla Accounting will retain its brand as part of Azets Group.
Azets identified Gorilla Accounting as a leading, digital-first accountancy firm, with experience and ambition. Both firms share strong alignment in values and focus on providing quality service.
As part of the acquisition, Azets’ SME clients will benefit from enhanced digital services, while Gorilla Accounting clients will gain access to additional accountancy advice and services, including wealth management and tax planning, from Azets’ network of specialist advisors across the UK.
Dan Fallows is now Managing Director of Gorilla Accounting. He commented: “We founded Gorilla with the ambition of modernising and digitising the accountancy market for small companies and individuals seeking a hassle-free, personalised service – and we’re delighted that Azets has recognised Gorilla as best in class for those that want an online, digitally served accounting solution.
“This acquisition begins a new chapter in Gorilla’s growth story and provides our clients and people with exciting new opportunities as part of a growing international accountancy group.”
Peter Gallanagh, Azets UK CEO, said: “I’d like to welcome Gorilla and our 45 new colleagues into the Azets Group. Gorilla is highly successful and well-run technology-led business, with a strong brand presence and excellent reputation. That’s why we have chosen Gorilla to lead on further developing our digital offering to SMEs, entrepreneur-led clients and consultants.
“Azets has invested heavily in digital technology to underpin our personalised client services. Our two businesses are aligned culturally and having both grown exponentially in recent years. Gorilla complements our strategy to serve SMEs better through the delivery of digital accounting services, and we look forward to working successfully together.”
Sean Lightfoot, Corporate Partner at Hill Dickinson, provided legal advice to Gorilla Accounting. Convex Capital, led by Isaac Asamoah, James Edge, Indy Singh and Harriet Shaw, advised Gorilla Accounting on the deal and corporate finance.
