Entirely North West

CHESHIRE FINANCE NEWS


Optionis Acquires Historic Accountancy Firm




Optionis Acquires Historic Accountancy Firm

Business and freelancer support provider Optionis has completed its first takeover of 2014, as it continues to build its ClearSky brand into a ‘one-stop shop’ for small firms. 
 
The Warrington-headquartered group has acquired Dorset-based accountancy practice Wheatley Pearce for an undisclosed sum.
 
Established in 1881, Wheatley Pearce is one of the oldest independent accountancy practices in Britain. Its founder, Colonel Wheatley, was a founding member of the Institute of Chartered Accountants in England and Wales (ICAEW).
 
Today the firm has a client portfolio consisting of more than 350 small and medium-sized businesses.
 
Under the terms of the deal, Wheatley Pearce will become part of ClearSky. Current owners Ken Butcher and Greg Bemment are staying on full time and will continue to work closely with clients.  
 
Wheatley Pearce is the third accountancy practice to be acquired by Optionis in the past year.
 
The deal follows takeovers of Greater Manchester-based Michael Brookes & Co in May 2013, and Dorset-based Lofts & Co four months later.
 
In addition to accountancy, ClearSky Business now offers small firms fixed-fee support and advice on business functions including tax, payroll, human resources and employment law.
 
Optionis managing director Derek Kelly said: “This latest acquisition will enhance even further the range of services that we offer small and medium-sized businesses.
 
“Wheatley Pearce is a prestigious accountancy practice with a long and proud history that stretches back more than 130 years.  
 
“It has a proven track record of providing strategic and pro-active advice to growing businesses, which is why it’s a perfect fit for ClearSky and Optionis.
 
“We are pleased that the current owners have agreed to stay on board and help us build ClearSky into the go-to provider of support to Britain’s growing army of SMEs.”  
 
Wheatley Pearce co-owner Ken Butcher said: “Greg and I are extremely excited to become part of the ClearSky success story.
 
“It really will be a case of business as usual, but with the added benefit that we will now be able to offer our clients access to a wider range of services.”
 
As well as ClearSky Business, the Optionis group is home to ClearSky Contractor Accounting, employment services provider Parasol and cloud-based sales performance management software Silverline.

Group turnover for the current financial year is forecast to be £335m.
 
Law firm DWF advised Optionis on the Wheatley Pearce deal.
 






DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.





Get The Entirely Weekly Brief In Your Inbox



Greystone Financial Services

Financial Services and Investments


Greystone Financial Services is an integrated wealth management group comprising financial planning and advisory services, and in-house fund management. We are a Chartered, Top 100 IFA firm, currently managing over 1 billion of assets on behalf of our clients. Many of our advisers and Directors have been with the firm since its inception in 1989. Greystone Financial Services is an extremely stable business, having adopted the recurring incomefee based operating model as far back as 1995.






Lucas Johnson


Insolvency Practitioners with a difference - we GUARANTEE to deliver a solution to your problem. The solution will be right for you to achieve your objectives. We cover the entire North West, so wherever you are we can serve your needs.






Hallidays Chartered Accountants and Business Advisors


Hallidays Chartered Accountants and Business Advisors were established in 1843 in Manchester and now situated, since 2008, in modern, purpose built offices next to the M60, Stockport and have 60 dedicated team members.






Bruce Marshall & Co


Are you looking for an experienced, proactive and friendly firm of accountants and tax advisers? Then you've come to the right place.






Optionis Group

Accountancy and Business Services


Optionis Group is a professional services group specialising in managing tax, employment, accountancy and legislative compliance. The group provides a range of market leading solutions to the UKs small businesses and professional contingent workforce sectors. Their brands include Parasol and ClearSky Contractor Accounting in workforce management, and ClearSky Business, Brian Alfred Arnsco in SME.






RECOMMENDED FOR YOU ON ENTIRELY FINANCE


Roma report record results


Roma Finance, the Manchester based bridging finance and development lender, has reported its most successful half year, to 30th June 2017. Four of the six months were consecutive record months in terms of value and volume of loans written, with lending more than double compared to H1 2016