The Access Group develops cloud business management software, centred on its Access Workspace SaaS platform that consolidates products and data into a consistent user experience. The company serves more than 60,000 customers and employs approximately 5,000 people, having doubled in size since 2020 through double‑digit organic growth and strategic M&A. Access reports uninterrupted profitable growth over the last 15 years and has expanded internationally with offices in nine countries. Management says it will continue to pursue organic product development and acquisitive growth to expand its footprint in the UK, Ireland and Asia Pacific. The firm highlights an acquisition facility intended to support further buy‑and‑build activity and to add technology and people to the Group. Founded in 1991, Access positions its products to transform customer productivity across commercial and not‑for‑profit sectors. The Access Group builds business management software, including its Access Workspace cloud platform, for mid-sized organisations across commercial and not-for-profit sectors. In FY20 the company reported pro forma revenues of £315 million and pro forma adjusted EBITDA of £109 million, representing 47% revenue growth and 48% EBITDA growth year‑on‑year. During FY20 it added 15,000 new customers, bringing total customers to more than 35,000. The company completed nine acquisitions in FY20 and has recently launched the Access People division to combine HR, payroll, learning & development and compliance solutions. It also acquired Attaché in Australia, marking its first wholly overseas software acquisition and signalling intent for geographic expansion. The Access Group plans to continue investing in products, pursue further organic and acquisitive growth, and expand geographically while serving its client base with core back-office systems. The Access Group provides fully integrated business management software to UK mid-market organisations across Finance, HR, Payroll, Hospitality, Recruitment, Health & Social Care, Manufacturing & Distribution, Education and Not for Profit sectors. Led by CEO Chris Bayne, the company serves more than 12,700 UK businesses and not-for-profit organisations. Since TA Associates invested in January 2015, The Access Group has achieved organic growth, completed 11 acquisitions and entered three new vertical markets. The business is headquartered in London, UK. The recent strategic investment values the company at an enterprise value of approximately £1 billion. The funds from the investment are intended to support the company’s next phase of growth. Access UK is a software, solutions and consultancy house that provides a full range of enterprise resource planning (ERP) software and services, with particular focus on financial management systems (FMS) and human capital management (HCM). The company serves a 5,000-strong mid-market client base across a broad range of sectors, including Topps Tiles, National Museum of Science and Industry, Sue Ryder Care, Sacla’ and Birmingham International Airport. It has nine offices across the UK and Ireland and employs over 300 people. Access intends to use the proceeds from the £50m investment to execute an expansion plan focused on rapid organic growth and the acquisition of complementary solutions. The strategy also emphasizes continued product development, including advancement of software-as-a-service (SaaS) capabilities. In conjunction with the transaction, Lyceum Capital acquired stakes previously held by founder Alistair O’Reilly and other shareholders; Lyceum’s Jeremy Hand and Phillip Buscombe joined the board and Gareth Denley was added as Chairman.

Total raised

$80M

Funding rounds

4

Latest round

Equity

Latest activity

Mar 2011