Shaw Gibbs is a leading provider of essential accounting, tax, payroll and related advisory services to around 8,000 SMEs and high net worth individuals. With offices in Oxford, London, Basingstoke and Farnham the company has over 175 team members. Shaw Gibbs is a member of DFK international, an association with 229 member firms with 467 offices across 101 countries that was established to share best practice and to promote international expansion. The management team is led by experienced industry operator Peter O'Connell, who has been Managing Partner since 2016.
Company website: shawgibbs.com
The market for accountancy services to UK SMEs is estimated to be worth £5bn and is forecast to continue to grow at 5% per annum, particularly as technology-enabled solutions make outsourcing more attractive and regulatory compliance becomes increasingly complex. The sector remains highly fragmented with over 40,000 accountancy firms in the UK and Apiary's investment will accelerate the management team's expansion plans through a targeted M&A programme.
"In order to achieve our ambitious acquisition plans, we recognised that we needed a like-minded partner to support the next chapter of our growth and I am delighted to have found that in Apiary."
Number of offices: 4
Number of team members: 175
Number of customers: 8,000
INVESTMENT DATE: November 2022
SECTOR: Business Services