The UK’s No. 1 Franchise Directory for Over 15 Years


Description: TaxAssist Accountants is the UK's leading accountancy network catering exclusively for small businesses. TaxAssist Accountants is a full member of the British Franchise Association. Opportunities: Opportunities available throughout the UK and Republic of Ireland. Business Type: Franchise. Minimum Investment: £36,950. Financing Assistance: Yes, through a third party. Training Provided: Yes. BFA Full Member: Yes.


TaxAssist Accountants Franchise Gets Five Stars

TaxAssist Accountants Franchise Gets Five Stars

Watch this video


BFA Full Member

TaxAssist Accountants completes UK’s first franchisee-assisted buyout

TaxAssist Accountants, the national accountancy franchise which brought tax advice for small businesses back to the high street, has completed the UK’s first ever franchisee-assisted management buyout.

TaxAssist FAMBO  rs.jpgThe franchisor, which ranks 25th in the UK’s Top 50 Accountants, has a UK-wide network of 190 franchisees and a fee income of more than £30 million, today (Friday, 29th August) completed an MBO for an undisclosed sum, which will see the business 32% owned by franchisees, 53% by the senior management team and 15% by long-standing external business partners.

“We believe this is a first in the UK and internationally,” said Karl Sandall, The TaxAssist Group Ltd Chief Executive. “Franchise operations have been bought by their management teams, but as far as we are aware never in partnership with their franchisees. More than half of our network, including franchisees and their staff, have invested in the business and many more have expressed an interest in buying shares in the future as they are placed on our internal market. We’re delighted at the response to this offer and the even closer working partnership it creates for our business.”

“When I joined TaxAssist in 2000, it was because I knew they were filling a massive gap in terms of supporting small businesses,” says Sandall. “The big firms weren’t interested and many small traditional practices were not offering high levels of client service.

“We broke the mould by providing a welcoming, straight-talking approach, with accountants in shop-front offices on the high street - exactly what small businesses need in their local community. We’ve enjoyed year on year growth, even through the recession, to build a client base of nearly 50,000 small businesses and now we’ve expanded internationally. Our network of franchisees has tremendous faith in the business model and its continued growth and when the opportunity arose to invest in the whole franchise, we had a fantastic response.”

Karl Sandall, a Fellow of the Chartered Institute of Bankers, spent 26 years in senior management at HSBC before joining TaxAssist in 2000. Joining him in the buyout team are TaxAssist Directors Sarah Robertson (Business Development) and Phil Sullivan (Network Operations and Finance).

Sarah, a Fellow of the Chartered Institute of Marketing and Institute of Direct Marketing, has over 20 years’ experience in the marketing industry, working with major national and regional brands and running her own successful agency. She joined the TaxAssist Accountants Board in 2004. Phil worked with HSBC Bank for 26 years, achieving Executive Management status, before establishing his own successful business consultancy. He joined the TaxAssist Accountants Board in 2008.

They will be supported on the Board by two Non-Executive Directors, John Chambers, Corporate and Commercial Consultant with Ashton KCJ Solicitors and a representative appointed to represent the franchisees interests. John Westgarth, who founded the business in 1995 and has seen it expand across the UK and the Republic of Ireland, with the successful business model being introduced in Canada this year and set to launch in Australia, New Zealand and the United States in 2015, retires as Chairman and Director.

The UK franchise industry is worth £13.7 billion, employing 561,000 people through 930 franchisor brands and 39,000 franchisee outlets.

Stephen Reed, corporate finance director at Price Bailey, Martin Simons, Senior Commercial Manager at HSBC and Mark Whittaker, Corporate and Commercial Partner, Ashton KCJ Solicitors advised on the deal.


Find out more about TaxAssist Accountants by submitting the form below.


Yes! Please Send Me Free, No-Obligation Information about TaxAssist Accountants:

Contact Information

Full Name*

Email Address*

Phone Number*

Best Time to Call

Mailing Information






Investment Interest

Desired Investment*

Desired Location*

Additional Information (Optional)

Timeframe to Invest

Preferred Method of Contact

Alternate Phone Number

Comments? Questions?

The following items are in your Request List:

We can also forward your request to the companies you have added to your Request List. Please review the list below and confirm the companies you would like to contact.

* indicates required field.

Yes, send me updates on new franchise opportunities!

We only send your details to the specific franchise companies you nominate. We do not share or sell your information.

This advertisement does not constitute a franchise offering. Please read our terms and conditions and privacy policy for full details.

Your Request List

You can add items by clicking the "Add to Request List" button or checkbox when you find something you're interested in.

You may add up to 15 items to your Request List

Your request list will follow you around the site.

When you are ready to complete your request for free information, click "Submit" in your Request List.

Why not get started by browsing our New Franchise Opportunities or Low Cost Franchise Directory?

You may only enter 15 items in your Request List.

To request information from your selected companies, just fill in the form and click "Submit".

OK, got it

Request Info From:


Your List is Empty

You can add items by checking the "Add to Request List" boxes.

* indicates required field

Optional Information

Join our mailing list!

We share your information only with your selected franchises.