Published: August 11, 2022 | Updated: 12th August 2022
Accountancy firm Azets has agreed a deal to acquire Sandisons, the Dorset-based specialist medical accounting firm.
The business, based in Blandford Forum, is a long-established firm of specialist medical accountants with four directors and a 50-strong team.
It delivers accountancy and business services to a wide portfolio of medical practices and medium-sized owner managed businesses across the South of England and Wales.
The firm, which was founded in 1978, became Sandisons in 2004.
It now acts for more than 160 GP practices and 2,000 individual GPs, consultants, and other medical professionals.
The acquisition takes Azets’ portfolio of GP practices to more than 350 and makes Azets one of the leading specialist providers of medical accounting services in the UK.
The deal expands Azets’ regional footprint whilst Sandisons, and its clients, will benefit from access to broader accounting, tax, audit, advisory and business services and more than 3,800 new colleagues as part of Azets.
The acquisition, which will complete next month subject to regulatory approval, will see Sandisons rebrand to Azets.
The firm will continue to be led by Sunil Sawney, James Broom, Thomas Bradley, and Roger Morgan.
All 50 staff will be retained as part of the transition, ensuring no disruption to service levels or personnel for existing Sandisons’ clients.
Sunil Sawney, Director at Sandisons, said: “This is an exciting opportunity for Sandisons, our colleagues, and clients to join a rapidly growing firm with an outstanding reputation.
“Our many years of experience afford us specific expertise in addressing the complex issues that arise in professional, medical partnerships and GP practices, and we will continue to evolve our services as part of Azets.
“Day-to-day, it’s very much business as usual.
“Our clients are at the heart of everything we do, and they will receive the same high level of service from their trusted advisors, now underpinned by Azets’ breadth and depth of capability across several new areas.
“All our current staff are joining us on this new journey as part of Azets, ensuring continuity of client care.”
The deal marks Azets’ fourth UK acquisition in seven months, as the UK Top 10 accounting firm continues to deliver against its ambitious growth strategy to double revenue in the next five years.
It follows the acquisition of Poole-based Inspire in March.
Azets now has around 120,000 clients.
David Owens, Regional CEO at Azets, said: “I’m delighted to welcome Sandisons and its clients into the Azets family.
“Sandisons has spent many years establishing its specialism in the medical sector and is known for providing a first-class service to GPs, medical practices, and SME businesses.
“The NHS environment is undergoing significant change and, whilst the number of GP practices is declining, their size and complexity is increasing.
“The clients need increasingly sophisticated advice which non-specialist accountants can no longer provide.
“We are ideally placed to guide them through the opportunities and challenges they face, leveraging the wider Azets advisory and wealth management capability nationwide.
“Sandisons shares our vision for talent development, exceptional service provision, and a culture of innovation.
“This acquisition adds to our unique market proposition as a leading advisor and provider of professional and outsourced services to SMEs.”