Sweet deal for Mazars

A SUBSIDIARY of accountancy firm Mazars has acquired the business and assets of sister companies Citrus4Benefits and Surf & Consult for an undisclosed sum.

They have been bought by Mazars Financial Planning – the financial planning and advisory business of Mazars, which has an office in Birmingham.

Citrus4Benefits, an employee benefit specialist, was established in 2009 by Tim Gillingham and Howard Finch.

It has grown rapidly, attracting an impressive client base across a variety of sectors and has been recognised in the Corporate Adviser magazine awards for the last two years for the firm’s innovative approach to benefit advice.

Gillingham, Finch and the staff will be integrated into the Mazars business.

Surf & Consult was established in 2006 by Gillingham and mainly provides corporate consultancy services to pension and risk providers.

Ian Barton, director of Mazars Financial Planning in Birmingham, said: “We are delighted to announce this deal.

“We have known Tim and Howard for a number of years as Citrus4Benefits has used our flex/workplace platform for their clients. The addition of their team and clients will broaden our national coverage and further enhance our range of client services.

“We are keen to develop the corporate consultancy services provided by Surf & Consult to meet the growing need of pension and risk providers in the rapidly changing corporate market place.”

Gillingham, director at Citrus4Benefits and Surf & Consult, said: “The whole team is excited at the opportunity to join Mazars.

“There is a strong strategic fit with both companies and we will offer an unparalleled range of expertise and services based around the Redbourne technology platform and the full range of Mazars’ advisory and service offerings.”

Citrus4Benefits and Surf & Consult have built a presence across the UK from its southern headquarters in Exeter and its northern base in Perth.