UK-headquartered Sanne Group plc, a provider of outsourced corporate and fund administration, reporting and fiduciary services, is to acquire Dublin-based corporate services firm Chartered Corporate Services (CCS) for an undisclosed sum.

CCS was established in 2005 and specialises in the delivery of company secretarial, liquidations, payroll and VAT reporting services. Sanne’s acquisition of the firm is expected to be completed before the end of this month.

The most recent account filings for CCS, which had founder Ross Burns as its sole shareholder, date to 2013, when the company booked a profit of €102,000. Year-end net worth stood at €159,000.

Sanne was formed over 25 years ago and is listed on the London Stock Exchange. The company employs more than 350 people worldwide and has a presence in Dubai, Dublin, Guernsey, Hong Kong, Jersey, London, Luxembourg, Shanghai and Singapore.

Commenting on the acquisition, Dean Godwin, chief executive of Sanne, said: “The acquisition of CCS is aligned to our strategy of acquiring businesses that support existing growth opportunities and deliver greater jurisdictional and product diversity.

In Association with

“CCS will complement our existing Dublin operations in this important market, delivering additional scale and product capabilities across our corporate and institutional service offering.”

Ross Burns, CCS managing director, added: “CCS has successfully built its corporate services business over the past 10 years. We are delighted to be joining Sanne, who are recognised within the corporate and fund administration sector as delivering a very high level of client service.

“This approach fits with CCS’s own service ethos and we are confident that we can continue to develop the breadth and quality of our service offering as we integrate our team into Sanne’s operational platform, both in Dublin and internationally.”