Sale of Payment Solutions Limited (T/a SmartDebit) to Access Group

Deal typeTransaction Services
IndustryBusiness Services & Financial Services & Technology & Media
Sub-industrySupport services & Technology
Client namePayment Solutions Limited T/a SmartDebit

BDO provided vendor due diligence services to the shareholders and management of Payment Solutions Limited (T/a SmartDebit), the UK's leading direct debit processing bureau. 

Founded in 1998, SmartDebit is one of the UK’s leading and most trusted Direct Debit bureaux, specialising in timely and efficient payment processing.

It works with clients across the industries including utilities, insurers, IT providers, schools and colleges, charities, and a range of other subscription businesses.

“The BDO team applied their considerable market experience to facilitate a smooth, comprehensive approach to our go to market strategy through high standard vendor due diligence reporting. They were always highly professional and respected the operational constraints of the business (financial month ends, etc) within the overall plan, minimising the disruption of what is a very intense process.”

Paula Downey Jones, Chief Financial Officer, SmartDebit