ThinCats backs Wheelhouse

Tax consultancy Wheelhouse Advisors has received an investment from ThinCats.

Working with its private equity backers Pelican Capital, and now ThinCats, the fresh capital will be used to address the firm’s growth strategy (a combination of both organic and inorganic growth via targeted acquisitions and talent), extend its client proposition and harness the innovation and digital transformation that will underpin future growth.

Matthew Crisp, CEO of Wheelhouse said, “We know we can support our expanding client base even better through the digital enablement of our business. The customer experience will also be enhanced by extending ‘our wheelhouse’, by a combination of select acquisitions and attracting individuals and teams that share our growth mindset, fast-paced culture and customer focus, to add new skills as we grow our dynamic team. The additional funding from ThinCats will enable us to realise our ambitions for increased reach and breadth of service.”

London-based Wheelhouse launched in May 2020, following a PE-backed MBO of the financial & regulatory reporting and tax divisions of ACA Compliance. In July 2020, The Drawdown caught up with Crisp to discuss the firm’s spinout and the key tax, regulatory and compliance developments PE firms need to be aware of. Last September, Mark Humphries joined the firm as a non-executive chair.