Financial services firm expands with takeover

A financial services firm has expanded with a takeover.

AVASK Global Compliance has bought SimplyVAT.

Bosses say the move strengthens the companies’ “combined position in the worldwide compliance and indirect tax sector”.

AVASK, which runs offices across the world that include sites in Southampton and Dublin, provides tech-led support across areas including VAT, customs, environmental taxes and international regulatory compliance.

Hove-headquartered SimplyVAT, founded in 2014, delivers VAT advice to thousands of e-commerce companies internationally.

The deal was supported by London and Sussex-based law firm DMH Stallard, which provided corporate, commercial and legal advice to SimplyVAT.

Claire Taylor, SimplyVAT chief executive, said: “It is game‑changing to have a team that you trust completely and holds your hand through the journey.”

Kate Partridge, DMH Stallard corporate partner, added: “SimplyVAT is a fantastic example of a Sussex‑grown business that has built an international reputation by solving real‑world challenges for online international trading businesses.

“The partnership with AVASK positions SimplyVAT for accelerated growth.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →