Two ETL Global UK partner firms have completed simultaneous acquisitions, as Bolton-headquartered multi-disciplinary professional services group ETL Global UK continues to scale its network of independent accountancy and advisory firms serving the UK's SME economy.

Consultancy.uk reported that Naylor Accountancy Services has acquired Another Answer, a seven-person firm based in Bourne End, Buckinghamshire, marking Naylor's fifth acquisition since 2021 and completed in just nine weeks. The deal also provides a succession solution for founders Sylvia and Neil Bourhill as they retire from the business.

Milton Keynes-headquartered Ad Valorem has simultaneously acquired Collett Hulance, an 80-year-old practice with long-standing client relationships. Collett Hulance will retain its name and leadership team, with directors Andrew Upton and Mark Bottomley remaining in post, and the firm will continue operating from its existing location for at least the next five years.

Nikolai Naylor, managing director of Naylor Accountancy Services, said: "We're building a business that helps clients go beyond compliance and really grow. This acquisition is a strong strategic fit and another step in scaling the Naylor Accountancy Services brand across the UK. With ETL's backing, we've built the systems, technology and acquisition capability to move quickly, and we're actively pursuing further opportunities."

Nikki Adams, director of Ad Valorem, said: "Our focus has always been on supporting small businesses, and this acquisition strengthens our ability to do that. Collett Hulance is a highly respected firm with deep local relationships, and keeping its name, leadership team and local presence was incredibly important."

ETL Global UK comprises 75 partner firms providing accounting, audit, tax, legal, HR, and business advisory services, with more than 150 partners, over 1,500 people, and more than 50,000 clients across the UK.

Read the full report on ETL Global UK's latest acquisitions.