Moorcrofts advises XCD on multi-million pound investment in the Company
Moorcrofts corporate team has advised XCD HR Limited (“XCD”) on a c.£2m investment in Bristol-based XCD, the provider of the UK’s only HR and Net Payroll solution on the Salesforce platform.
Founded around 10 years ago, XCD’s HR & Payroll platform is now an industry-leading solution and has over 30,000 users internationally and with clients across the private, public and not-for-profit sectors and a variety of industries.
The investment comes from the Business Growth Fund (“BGF”), a renowned investment group. BGF’s investment will support XCD’s growth plans and strengthen XCD’s sales and marketing capacity. The investment is the next step in XCD’s development, which has grown from strength-to-strength since its incorporation in 2010 and having previously received investment from serial tech investor and entrepreneur, Vin Murria.
Moorcrofts’ corporate partner Will Pearce led the transaction with support from corporate solicitor Mohsin Shabbir.
XCD HR Limited, CEO Simon Fowler, said: “We are very pleased to have completed this investment. This really is an exciting time for XCD and taking on an investor with BGF’s reputation reassures us that we are on the right trajectory as well as giving us encouragement to continue with our future plans”.
Will Pearce, said: “We were delighted to assist Simon and his team with the investment. We know that XCD have ambitious expansion plans and the investment provides XCD with a platform to press on. We wish Simon and his team the best for the future and look forward to the next project”.
Randall & Payne LLP provided accountancy advice for XCD. BGF was advised by Field Seymour Parkes.
For more information on private equity investments, please contact Moorcrofts corporate team.
More in HR
Navigating HR & OD Challenges in 2024: A Guide to a...
Introduction: As we step into the New Year, the ever-evolving landscape of human resources (HR) and organisational development (OD) presents both exciting opportunities and unique challenges for HR Professionals, Leaders, and Managers. From adapting to accommodate ongoing workforce needs or addressing emerging trends, January 2024 sets the stage for those responsible to proactively shape the […]
New legislative changes are set to upheave rules from 1st January...
Here’s an overview of the key changes that will kick-in from the 1st of January 2024: Simplified Holiday Pay Calculations: The proposed changes permit rolled-up holiday pay for part-year workers and those with irregular working hours. Retained EU Case Law Clarification: Carryover of 4 weeks annual leave to the following year in cases where a […]
Long-standing B4 Members You HR extend Platinum Membership as B4’s preferred...
You HR Consultancy was founded in 2009 by Jonna Mundy and, like everything now established in the business, the brand needed to have meaning. Wanting something meaningful, purposeful and people centric, the name ‘You’ HR Consultancy was formed. The brand connects everyone that the Consultancy works with, employs and supports in Oxfordshire and beyond.
From this author
Andrew Katz receives prestigious Law and Policy Award at OpenUK Awards...
Moorcrofts Head of Tech and IP and CEO of Orcro Limited, Andrew Katz received the esteemed Law and Policy category award at the fourth OpenUK Awards Gala Dinner and Awards Ceremony on 20 November 2023, held at the House of Lords. The OpenUK Awards celebrate outstanding contributions within the Open Technology ecosystem across various sectors, […]
Exit Planning unveiled: strategies, preparation and alternative structures for a smooth...
Are you considering selling your business within the next five years?
Moorcrofts advises LPC Construction and Halo Hire on a restructure and...
Moorcrofts LLP has advised the continuing shareholders of LPC Construction Limited (“LPC”) and Halo Hire Limited (“Halo”) on a restructuring and partial exit.