Macdonald Henderson advises on the disposal of Capital Payroll Services
Macdonald Henderson has advised the shareholders of Capital Payroll Services on its disposal to TopSource Worldwide, an employer services, payroll and Employer of Record service provider.
This is the fifth acquisition since TopSource Worldwide received investment from Horizon Capital in December 2020, and the second in the UK Payroll space in nine months.
Based in central Scotland, Capital Payroll Services strengthens TopSource Worldwide’s established payroll services offering. Guil Hastings, CEO, TopSource Worldwide commented: “I am excited to welcome Capital Payroll Services to the TopSource Worldwide group.
“TopSource Worldwide continues to grow as an experienced and trusted payroll and Employer of Record provider, with our customers at the heart of what we do.
“We are committed to delivering the very best in payroll and employer services and are looking forward to building on the Capital Payroll Services team’s great work, particularly with their established footprint in Scotland.
“We understand how important it is to ensure continued, high-quality delivery and will ensure clients continue to receive great service.”
Suzie Paton, co-founder, Capital Payroll Services added: “Having founded Capital Payroll in 2010 and grown it into an established payroll bureau in Scotland, I am happy to have found a new partner for the business that shares my belief in delivering exceptional customer service and maintaining long-term relationships.
I am extremely confident that our customers and staff will benefit from being part of the TopSource Worldwide group”
About Macdonald Henderson, Suzie and Donald Paton commented: “We would like to pass on our heartfelt thanks to Laura and the MH Team for their sterling work in completing the sale of our company. Their expertise and professionalism safely navigated the sale to completion and achieved a deal we were delighted with.
“Laura and the Team kept us informed at all stages of the transaction, fully explaining corporate and legal terms in language we could understand. We would have no hesitation in recommending MH for corporate transactions.”