TopSource Worldwide, the leading employer services, payroll and Employer of Record service provider, has today announced the acquisition of Capital Payroll Services, a fully-managed payroll service provider to the UK market.
This is the fifth acquisition since TopSource Worldwide received investment from Horizon Capital in December 2020, and the second in the UK Payroll space in 9 months.
Based in central Scotland, Capital Payroll Services further strengthens TopSource Worldwide’s already established payroll services offering, adding scalability and an increased presence in Scotland.
Guil Hastings, CEO, TopSource Worldwide commented:
“I am excited to welcome Capital Payroll Services to the TopSource Worldwide group. TopSource Worldwide continues to grow as an experienced and trusted payroll and Employer of Record provider, with our customers at the heart of what we do. We are committed to delivering the very best in payroll and employer services and are looking forward to building on the Capital Payroll Services team’s great work, particularly with their established footprint in Scotland.
We understand how important it is to ensure continued, high-quality delivery and will ensure clients continue to receive great service.”
Suzie Paton, Co-Founder, Capital Payroll Services added:
“Having founded Capital Payroll in 2010 and grown it into an established payroll bureau in Scotland, I am happy to have found a new partner for the business that shares my belief in delivering exceptional customer service and maintaining long-term relationships. I am extremely confident that our customers and staff will benefit from being part of the TopSource Worldwide group”
Tom Maizels, Director at Horizon Capital said:
“We are delighted that Capital Payroll Services is the latest business to become part of TopSource Worldwide. This acquisition – the fifth by TopSource Worldwide – gives us a local presence in Scotland to expand our domestic footprint. Our commitment to acquiring well managed businesses to complement TopSource Worldwide’s existing platform enables us to scale the business into a market leader.”