Naylore Accountancy Services has acquired Buckinghamshire-based firm Another Answer, while Milton Keynes-headquartered Ad Valorem has completed the acquisition of Collett Hulance. The deals strengthen the ETL Global network, which the two acquiring firms are part of, across the Oxford-Cambridge growth corridor.
ETL Global UK is a multi-disciplinary professional services group of independent firms serving the UK’s SME economy. Established in 2012 and headquartered in Bolton, the UK group alone comprises 75 partner firms providing accounting, audit, tax, legal, HR and business advisory services; collectively including more than 150 partners and over 1,500 people, supporting more than 50,000 clients.
Naylor Accountancy Services and Another Answer
Naylor Accountancy Services has acquired Buckinghamshire-based Another Answer, in a deals which reflects continued momentum across the ETL Global UK, as it looks to scale through acquisitions. Another Answer, a seven-person firm based in Bourne End, Buckinghamshire, strengthens Naylor’s presence in the South East. It brings together two businesses with a long-standing relationship, while also providing a succession solution for founders Sylvia and Neil Bourhill as they retire from the business.
The acquisition is Naylor Accountancy Services’ fifth since 2021 and was completed in just nine weeks, reflecting the strength of its in-house acquisition capability and repeatable integration model. The firm continues to see a strong pipeline of opportunities as it looks to complete further deals this year.
Nikolai Naylor, managing director of Naylor Accountancy Services, remarked, “We’re building a business that helps clients go beyond compliance and really grow. This acquisition is a strong strategic fit and another step in scaling the Naylor Accountancy Services brand across the UK. With ETL’s backing, we’ve built the systems, technology and acquisition capability to move quickly, and we’re actively pursuing further opportunities.”
Ad Valorem and Collett Hulance
Ad Valorem has meanwhile acquired Collett Hulance, a move which also reflects a long-term strategy of supporting owner-managed businesses while investing in talent, technology and specialist services. The deal strengthens its presence across the Oxford-Cambridge arc, a region expected to see increased business activity, including expected demand linked to the proposed Universal Studios development in Bedfordshire.
Collett Hulance, an 80-year-old practice with long-standing client relationships, will retain its name and leadership team, with directors Andrew Upton and Mark Bottomley remaining in place. The firm will continue to operate from its existing location, with a commitment to maintain its local presence for at least the next five years, ensuring continuity for clients and staff.
For Ad Valorem, which has now completed four purchases with ETL Global’s backing, the acquisition forms part of its strategy to build broader capability and better support the firms it brings into the group, particularly in addressing common challenges faced by mid-sized practices, including talent retention and investment in technology. With ETL’s backing, the firm has accelerated investment in systems and infrastructure, enabling it to scale its offering and create new opportunities for its people, while preserving the independence and identity of the businesses it brings into the group.
Nikki Adams, director of Ad Valorem, added, “Our focus has always been on supporting small businesses, and this acquisition strengthens our ability to do that. Collett Hulance is a highly respected firm with deep local relationships, and keeping its name, leadership team and local presence was incredibly important. With the support of ETL, we’ve been able to invest in technology and build the infrastructure needed to grow, while still protecting the independence and culture that matter to our people and our clients.”
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