Unity Accountancy acquires TA Llanelli with £280,000 Development Bank loan
Unity Accountancy acquires TA Llanelli with £280,000 Development Bank loan
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Swansea-based Unity Accountancy has acquired Llanelli firm TA Llanelli in a deal backed by a £280,000 loan from the Development Bank of Wales’ Wales Flexible Investment Fund.
The acquisition, which brings seven staff and a client base of more than 700 businesses under Unity’s management, allows former TA Llanelli owner Roger Bowen to pursue other business interests. Established in 2004, TA Llanelli previously operated under the Taxassist franchise.
Unity Accountancy, launched in January 2023 by directors Cerith Williams and Ben Ruddle, specialises in using AI and cloud-based accounting platforms to deliver proactive business advisory services. The firm aims to focus on value-added support for customers, using real-time financial data to guide planning and identify growth opportunities.
Cerith Williams said: “We’ve been ahead of that trend in the sector which has seen more and more accountants provide pro-active business advisory services for their clients, rather than reactive, end-of-year audits. It’s not just that we’ve adopted that approach, but that we’ve got the technology and the know-how needed to use it.
“Taking on TA Llanelli as our first acquisition was an obvious growth step for us. We’ve always planned on growing through acquisition, but their strong local networks and experienced team made them the ideal choice. We’re really grateful for the support we’ve had from the Development Bank of Wales to complete the buyout.”
Unity’s directors say this is the first in a planned series of acquisitions, with another expected before the end of 2025.
Sally Phillips, Investment Executive at the Development Bank of Wales, said: “Bringing together Unity’s expertise with TA Llanelli’s extensive client base will mean SME customers in this part of south-west Wales will have access to high-end, data-driven intelligence, which will support business growth in the area in turn.
“We’re glad to have brought these two leading financial services together, and look forward to Unity’s further growth as they take on future acquisitions.”
The Wales Flexible Investment Fund, financed by the Welsh Government, supports deals from £25,000 to £10 million, offering loans, mezzanine finance and equity investments with repayment terms of up to 15 years.
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