The TaxAssist Accountants network, which operates from more than 300 shops and offices across the UK, has reported its second £1m resale as a result of a restructuring of two central London franchises
Debbie Corbett and Vince Dalaimo, who have worked in partnership for many years, have now restructured, with Dalaimo purchasing Corbett’s share of the Southwark (London Bridge) practice and becoming the sole franchisee for this location.
In addition, Jamie Hall, a new franchisee, has purchased the Holborn practice from Corbett and Dalaimo, and Martin Thomas, who was previously in partnership with the pair to develop the Victoria practice has now purchased the franchise outright, and is the sole franchisee in Victoria.
Karl Sandall, group chief executive director of TaxAssist Accountants, said: ‘Clearly we are thrilled to have achieved this landmark sale. It is testament to the strength of our business model and the hard work of Debbie and Vince, who have built an extremely successful practice, opening four shops along the way.
‘While Vince stays as a franchisee and Debbie leaves us, we would like to thank them for being excellent franchisees over many years and we wish both of them and Martin and Jamie every continued success in the future.’
TaxAssist Accountants is ranked at number 22 in the Accountancy league table of firms. In July 2018, the UK network reported over 69,000 clients and gross recurring annual fees in excess of £45m.
Report by Pat Sweet
