Convex has advised the Shareholders of Gorilla Accounting, the UK’s leading digital accountancy firm for entrepreneurs, sole traders and small limited companies, on their sale to Azets, the UK Top 10 accountancy group.
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 has built a strong reputation as the demand for self-employed contractors, freelancers, and those operating as limited companies has grown in recent years and is the number one ranked accountancy firm on Trustpilot.
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.
“Convex were superb throughout. Very hands on, very strong advice and they got us a result higher than we could have ever anticipated. They sourced the buyers, managed negotiations and were nothing short of excellent. We are an accountancy firm but Convex did all the heavy lifting on the numbers, models, and negotiations. The other major shareholders of Gorilla were corporate finance / private equity professionals themselves and were equally impressed with the results delivered.”
Dan Fallows, Co-Founder and Managing Director
