Parasol picks up Quay Accounting as it hits acquisition trail

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Employment services provider Parasol has acquired the specialist accountancy practice Quay Accounting. Quay Accounting has a reported 1.5 million turnover and 50 staff, with offices in Poole, Aberdeen, and Wilmslow.

Rob Crossland, Parasol Groups managing director and co-founder, confirmed the purchase was the first of a series of planned strategic acquisitions and that he intended to develop Quay into a 400-million turnover business.

Parasol provides payroll, tax, national insurance and other services to 14,000 freelance white-collar specialists in sectors such as IT, telecoms, engineering, oil and gas and nuclear, as well as teachers.

Adding complementary services, with the aim of building a portfolio of companies, will enable us to look after every aspect of a contractor's career, from sta...

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