Opulus Financial continues expansion with acquisition of Nicolson Accountancy
Opulus Financial has acquired Glasgow-based accountancy firm, Nicolson Accountancy, representing the largest acquisition since launching as a CFO solutions business at the end of last year.
Founded by Angus and Sue Nicolson over 20 years ago, Nicolson Accountancy has offices in Glasgow, Kilmarnock and Stornoway and provides leading accountancy, tax and payroll services in addition to specialist Norwegian tax and payroll support.
The acquisition, funded by previous investment made by N4 Investments and start-up support from Virgin Money, allows Opulus to significantly expand its footprint as the business continues to expand its unique CFO solutions offering throughout the country.
The acquisition of Nicolson Accountancy is the business’ fourth deal since inception, joining the acquisitions of John Kerr & Co in Saltcoats, Alexander Marshall in Motherwell and Craig Cleland in East Kilbride.
Mr and Ms Nicolson will continue working with Opulus CEO Matthew Garstang and the wider Opulus team, to help strengthen the accountancy, tax and payroll element of the business.
Mr Garstang commented: “This is a pivotal acquisition in the growth of Opulus Financial. Nicolson Accountancy is a highly regarded practice in the industry and both Angus and Sue bring a wealth of accountancy and tax experience. Their knowledge will be invaluable to the business going forward as we look to further expand our presence across Scotland.”
Mr and Ms Nicolson added: “We are excited to be working with Matthew to expand the services offered to our clients and help build the wider practice.”