Benchmark International advises on the sale of Clever Accounts
Benchmark International is pleased to announce the acquisition of Clever Accounts Limited by John Hoskin of Milestone Partners Limited.
In this instance Benchmark International worked on behalf of the acquirer in order to identify an appropriate acquisition opportunity which adhered to Mr Hoskin’s acquisition criteria.
Following instruction in September 2012, Benchmark’s research team sought to identify a number of opportunities to present to our client. A thorough research process identified 8 opportunities which met our client’s acquisition criteria and following 6 meetings with several parties the opportunity to acquire the Yorkshire based from, Clever Accounts represented the best fit. Once the company was identified an offer was submitted and accepted.
Clever Accounts, which was founded in 2008, combines access to a free online accounting system, overseen by a dedicated accountant, allowing clients to manage their finances easily and keep a close eye on them at all times, with support and advice only a phone call or email away. The company takes care of all annual reporting, tax compliance, VAT returns, and payroll, for a variety of small businesses and individuals, as well as providing on-going tax advice and business support.
Mr Mollan, Clever Accounts founder, said: “This investment is a massive vote of confidence in Clever Accounts and will enable us to expand. We are planning to increase the levels of service and functionality available to our clients, substantially expand our customer base and increase our staffing levels accordingly.”
The deal was agreed in January 2013 and completed in early April.
Benchmark International wishes the very best to all the parties involved.