Smith & Williamson Takes the Lead for The Panoply

  • Written By: Ben Mitchell
  • Published: Thu, 13 Dec 2018 14:00 GMT

Smith & Williamson has acted as reporting accountant to The Panoply Holdings plc (‘The Panoply’) on its successful admission to AIM, its acquisition of four IT businesses based in the UK and Scandinavia and an associated fundraising totalling £5m.

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Smith & Williamson reported to the Board of The Panoply and to the Nominated Advisor, Stifel Nicolaus Europe Limited (‘Stifel’), with the financial and professional services firm securing the instruction after having worked with the founders for more than two years.

The Panoply is a digitally native technology services group founded in 2016 with the aim of identifying and acquiring best-of-breed specialist information technology and innovation consulting businesses across Europe. The group now includes Bene Agere (an Oslo-based strategy and management consultancy) and award-winning Manifesto Digital and Not Binary, a London-based digital experience agency and IT consultancy respectively, as well as Questers, a leading provider of onshore and nearshore agile software development services.

Smith & Williamson’s project team comprised Transaction Services and Business Tax experts in London and Bristol, including Stephen Drew, Simon Peskett and Matt Watts.

Stephen Drew, lead partner for Smith & Williamson, commented: “We are delighted to have worked with The Panoply and Stifel on the acquisitions and successful Admission to AIM. There were some complex accounting and reporting issues regarding the acquisitions but this project demonstrates clearly our commitment to the technology sector and our ability to assimilate large volumes of information and liaise with various stakeholders within a tight timeframe. We look forward to other Reporting Accountant projects in future, particularly within the technology field.”

Olly Rigby, CFO and co-founder of The Panoply, said: “We are delighted that The Panoply has successfully listed on AIM and completed a fundraising. We have ambitious growth plans and are confident that AIM will be the right platform to support us in rapidly scaling the business.”

“Stephen Drew and his team at Smith & Williamson as Reporting Accountant assisted The Panoply with the IPO and four acquisitions in two countries. They have been instrumental in helping us to achieve this milestone.”


By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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