Payroll Bureau Required Urgently

Payroll Bureau Required Urgently - To £400,000 T/O

Up front budget: £300,000

Current turn over circa: £5,000,000

Cash offer: to 1.4x GRF

Established since: 2000

Locations: Surrey

Additional Notes: Award Winning Employee Benefit Consultancy keen to acquire a Payroll Bureau in the London or South East.

Target Acquisition
Seeking to purchase a stand alone payroll bureau or the payroll division/business of an accountancy practice. The business should be based in London or the south east and provide payroll services for employers in our target market. We are seeking businesses with recurring income of +/- £300,000 and personnel who wish to continue working within a positive and progressive organisation that truly cares about doing the right thing for colleagues, clients and suppliers.

Opportunity
Payroll and employee benefit services are highly complementary and we believe the ability to offer consolidated advice and support services covering payroll, auto enrolment communications, pension contribution uploads and the management of employee benefit schemes would be compelling for employers. We are therefore keen to discuss acquisition and investment opportunities with like-minded businesses.

My client helps organisations design, implement and manage their employee benefits to ensure employee engagement is maximised and maintained. We act as an extension to an employer’s HR function to ensure their benefits retain, motivate and attract talent by delivering;

- Risk mitigation – avoiding nasty surprises
- Scheme administration – client can focus on what
they do best
- Governance – reassurance they are doing the
right things
- Benchmarking – is the proposition current and
relevant to the employees and competitively
priced
- Employee communication – help personnel
understand the benefits they receive and how
these can be accessed to deliver maximum value

Our target market are businesses with between 25 and 750 employees although we have clients with far larger employee headcounts.