Wilson Partners upgrades finance system as firm eyes growth and expansion

Wilson Partners, one of the UK’s top 100 Accountancy Firms, has enlisted the support of an award-winning cloud accounting provider to enhance its own finance function ahead of ambitious growth plans.

The leading practice aims to double its annual turnover to £60M over the next two years through organic growth and acquisitions. It has identified iplicit as the cloud accounting provider best placed to underpin its next stage of expansion.

Established in 2008, Wilson Partners is a business with annualised revenue of £32M. It operates across several regions in England providing a range of accounting, tax and advisory services to clients via more than 10 legal entities currently being managed through an individual entry-level cloud accounting solution.

Working with iplicit will enable Wilson Partners to manage each of its legal entities within one central platform, and achieve enhanced consolidations and more powerful, dynamic reporting. It will also support the firm with approval processes and enhanced automation features, eliminating manual Excel consolidations across its UK entities.

iplicit, a cloud accounting platform that’s been purpose-built for the UK’s mid-market, currently serves more than 43,000 daily users in over 3,000 organisations. It was named among the fastest-growing European businesses by the Financial Times’ FT1000 list this year and is eyeing continued exponential growth in 2025.

M&A driving transformation

A 2024 report published by ICAEW found that, of the midmarket accountancy firms surveyed, 64% had acquired another firm in the past, 45% of which took place in the last three years.

Lyndon Stickley, CEO at iplicit, adds: “The Wilson Partners relationship highlights an interesting shift we’re noticing within the accountancy sector. To date, we’ve mainly partnered with leading practices to deliver solutions for their diverse portfolios of SME clients. However, we’re now noticing an increasing demand from the firms themselves, for a suitable midmarket solution.”

“As these practices continue to scale, often through private equity and acquisition of smaller entities, they are recognising the need to move on from the entry-level solutions they started out with. We’re excited to be part of this growth journey for Wilson Partners through our technology, and we’ll also be the underpinning of many other leading practices with similar growth trajectories.”

iplicit serves organisations with legacy, on-premises finance systems that need to transition to the cloud, or those that have grown rapidly and reached requirements that stretch beyond entry-level systems. iplicit offers a solution for these midmarket organisations that would prefer to avoid the expense and disruption associated with complex, enterprise-level solutions.

Chris Wilson, Director at Wilson Partners, adds: “We’ve been in discussions with iplicit about its tech for some time now and decided it was well-equipped to address our own needs as an accountancy practice. As a multi-entity practice, it will enable us to build a robust finance function ready to support our ambitious growth plans over the coming years.

Having outgrown our entry-level set up we needed a futureproofed cloud solution that could manage everything in one place. iplicit ticked all the boxes, and we’re looking forward to seeing how it will complement our finance team.”

Matt Lewns, Partner Manager for iplicit’s accountancy channel, adds: “We’re thrilled to be working with Wilson Partners, one of the UK’s top 100 Accountancy Firms and an organisation with similar ambitions for growth as iplicit. We know our platform will have a positive impact on Wilson Partner’s plans to grow and scale. Once the new system is up and running, we expect to partner more closely with the firm and explore different ways we could bring our platform’s benefits to its growing midmarket client-base.”

iplicit achieved 113% year-on-year (YoY) revenue growth in 2024 and secured a £25M investment from leading technology growth investor One Peak in January 2025. The investment is driving product development and future exponential growth.

This includes securing new partnerships with more of the UK’s top 100 accountancy practices and diversifying its product to cater to this growing partner network. iplicit announced a new addition to its product earlier in 2025, Client Manager, which enables accountancy partners to better serve midmarket clients with business process outsourcing (BPO). Client Manager is a central administration tool that allows accountants and other partners to easily administer and manage multiple clients through iplicit’s software.