[UK] Businesses merge to become global employer services company

Two businesses have merged to become a Horizon Capital-backed global employer services company, Insider reports.

London's TopSource Global Solutions and Birmingham-based PEO Worldwide have merged to form TopSource Worldwide. TopSource Worldwide provides payroll, global employment of record and accounting, legal and HR services.

The newly merged team offers operational capability and more than 30 years of payroll experience based in both the UK and India. 

Chairman Martin Smith said, "Seeing the union of these two businesses form a single global business and brand has been incredibly exciting.

"We're now able to help our clients run payroll anywhere and employ everywhere, whilst continuing to offer a personable and bespoke service."

Chief executive Guil Hastings said, "This breadth of services was previously only available to enterprise-size businesses. Now, TopSource Worldwide is able to assist any organisation with its local and global employer requirements. 

"With our hassle-free, affordable solutions, TopSource Worldwide is the partner of choice for ambitious companies looking to increase their international footprint and take their business further and faster."

Horizon Capital has a majority investment in TopSource Worldwide and is reportedly providing further capital to help accelerate the company's growth and support targeted add-on acquisitions.

Thomas Maizels - director at Horizon Capital - said, "We're thrilled to have helped create a dynamic new employment solutions group, backing a highly talented team in a high-growth market.

"Now we're looking forward to helping the group grow even faster and making further acquisitions to scale the business further."

Two businesses have merged to become a Horizon Capital-backed global employer services company, Insider reports.

London's TopSource Global Solutions and Birmingham-based PEO Worldwide have merged to form TopSource Worldwide. TopSource Worldwide provides payroll, global employment of record and accounting, legal and HR services.

The newly merged team offers operational capability and more than 30 years of payroll experience based in both the UK and India. 

Chairman Martin Smith said, "Seeing the union of these two businesses form a single global business and brand has been incredibly exciting.

"We're now able to help our clients run payroll anywhere and employ everywhere, whilst continuing to offer a personable and bespoke service."

Chief executive Guil Hastings said, "This breadth of services was previously only available to enterprise-size businesses. Now, TopSource Worldwide is able to assist any organisation with its local and global employer requirements. 

"With our hassle-free, affordable solutions, TopSource Worldwide is the partner of choice for ambitious companies looking to increase their international footprint and take their business further and faster."

Horizon Capital has a majority investment in TopSource Worldwide and is reportedly providing further capital to help accelerate the company's growth and support targeted add-on acquisitions.

Thomas Maizels - director at Horizon Capital - said, "We're thrilled to have helped create a dynamic new employment solutions group, backing a highly talented team in a high-growth market.

"Now we're looking forward to helping the group grow even faster and making further acquisitions to scale the business further."