HR and payroll consultancy Advo One Limited has completed a deal to buy Surrey-based payroll bureau Pay-Nex Limited for an undisclosed sum.
Established in 2015, Pay-Nex processes the payrolls of a diverse range of clients, which is attractive to Advo, with its focus on supporting SMEs.
Pay-Nex works with accountancy firms, a speciality of Advo, and sector areas such as hospitality and care, where Advo has considerable expertise. Its excellent reputation for client service aligns with the Advo client-centric approach.
Under the terms of the acquisition, Pay-Nex will become part of Advo’s payroll division, with clients now having access to wider services, including technology platforms and HR support.
Payroll staff will be retained and Dena Dixon, Pay-Nex’s managing director, will initially remain within the business to ensure a smooth integration.
Larry Bulmer, Advo CEO, said: “This is an exciting opportunity for Advo and Pay-Nex clients too. They will have the same client care, with access to wider Advo services, including HR advice and our technology platforms.
“Pay-Nex’s expertise and wide range of clients will be a strong addition to Advo, and I am delighted to welcome their clients and staff.”
Dena Dixon, Pay-Nex’s managing director, added: “It has been a privilege to support my clients over the years, and I’m incredibly grateful for the relationships built during this time.
“Advo is a company with extensive experience in payroll services and a strong commitment to client care. I’m confident Pay-Nex clients are in very capable hands.”
