TopSource Worldwide, the leading global and UK employer services business, has today announced the acquisition of eSlip, a fully-managed payroll service provider to the UK market.

This is the sixth acquisition since TopSource Worldwide received investment from Horizon Capital in December 2020, and the third in the UK Payroll space in the last 10 months.

Based in Essex, eSlip further strengthens TopSource Worldwide’s already established payroll services offering. eSlip adds further scale and broader client and geographic coverage in the UK. Established in 2005, eSlip focuses on providing outsourced payroll services to over 240 clients.

Guil Hastings, CEO, TopSource Worldwide explains:

“I am excited to welcome eSlip to the TopSource Worldwide group. Chris has built a tremendous business, and we look forward to continuing to deliver service excellence to the eSlip clients. eSlip will add to our expanding employer services and enhance our payroll and Employer of Records services to the wider market.”

Chris Anderson, Founder, eSlip added:

“Having known Guil and TopSource Worldwide for many years I am confident that I have the right partner to take eSlip forward to the next stage of its development and leverage their expertise in payroll services. The eSlip team has always provided a professional service to our clients and I am very confident that this will continue as we become part of the Topsource Worldwide group.”

Tom Maizels, Director at Horizon Capital said:

“We are excited that eSlip has become part of TopSource Worldwide. This is the sixth acquisition by TopSource Worldwide and increases our UK presence in payroll services. It continues our strategy to acquire well managed businesses with an established client base to complement TopSource Worldwide’s existing platform. We are confident that eSlip will help contribute to TopSource’s future growth.”

About TopSource Worldwide

TopSource Worldwide provides a complete suite of employer services that allows clients to employ and pay people promptly, consistently and compliantly, locally and internationally as it suits their business needs. TopSource Worldwide is backed by Horizon Capital and has an international footprint and the far-reaching expertise needed to truly support clients with their local payroll, global Employer of Record or global payroll needs. Payroll anywhere. Employ everywhere.

For more information, please visit – www.topsourceworldwide.com

About eSlip

eSlip focuses on electronic payroll solutions for small and medium sized businesses, not-for-profit organisations, schools and academies, hospitality and leisure groups, recruitment agencies and accountants throughout the UK. eSlip is currently running over 1,000 payrolls every month for over 240 clients, with tailored solutions to meet the specific needs of core sectors, each with a unique set of requirements and prime focus. Employers can quickly, easily and securely pay employees direct, freeing up valuable time and resources to be spent more efficiently on their core business.

For more information, please visit – www.eslippayroll.co.uk

About Horizon Capital

Horizon Capital is a private equity investor specialising in technology and business services. The firm was established by senior investment professionals who identified a significant market opportunity to invest in businesses in these sectors valued up to £50m. The partnership prides itself on its approach to helping business owners and managers realise their ambitions. Buy and build is at the heart of every Horizon Capital investment and the firm is a market leader in supporting companies pursuing this strategy. Horizon Capital has a proven track record in generating premium returns on investments. The unprecedented growth it delivers in its portfolio companies has been underpinned by deep and long-term investor relationships that span across two decades.

For more information, please visit – www.horizoncapital.co.uk

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Published On: 04/07/22Last Updated: 13/09/22

About the Author: Guil Hastings

Guil leads the Management Team and has overall responsibility for developing and delivering the strategy for the business as well as the operational delivery of our growth plan – both organic and through acquisition. Guil has extensive business leadership and commercial experience in domestic and international payroll. Email: guil.hastings@topsourceworldwide.com

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