Completed sale
Compufast Software
Knightsbridge has facilitated the sale of Irish company Compufast Software Limited, a family-run IT specialist behind a state-of-the-art, all-in-one workforce management system.
Established in Dublin by John Nicholl in 1985, the business began trading the following year, before expanding into the UK in 1991 with a separate operation in Middlesex.
Compufast developed its proprietary platform, Perfast, to support time and attendance, human resources, payroll and recruitment within a single, integrated system. Designed to streamline processes and improve efficiency, the software enables organisations to manage workforce operations in a more cohesive and effective way.
Perfast was among the early HR software solutions to recognise the value of fully integrated Personnel, Payroll and Time & Attendance systems. Since the early 1990s, the platform has been continuously developed and supported, with the flexibility to adapt to each client’s specific requirements.
While John led the UK operation, the Irish business has been run by Orna and Keara Nicholl. Over the years, the system has supported the management of tens of thousands of employees, reflecting the scale and longevity of its client relationships.
After decades of building the business, the Nicholl family took the decision to bring Compufast to market, enabling John’s retirement plans while realising the value created over many years.
The process was delivered through a team effort, with expert marketing preparation underpinning a strong campaign. Represented by Regional Commercial Director Simon Lowry, the sale was led by Deal Executive Peter Taberner, supported by Head of Research Natalie Weaving.
The strength of the product suite and the loyalty of its client base were central to positioning the business as an attractive platform for further development, as well as a compelling bolt-on opportunity for complementary software providers.
This approach generated significant interest, resulting in 37 enquiries and seven competitive offers, providing the shareholders with a range of options to consider.
The successful bid came from Brentford-based Abormic Services, a provider of comprehensive IT services including consultancy, alongside the retail of computers, peripheral equipment and software through specialised channels.
Reflecting on the deal, Peter commented:
“We built strong relationships throughout the process and delivered a great outcome for both parties.
It was important to our clients to find the right type of buyer, and we were able to achieve that.
Equally, the buyer was actively looking to strengthen their position in this sector, which we identified and brought together.”
The Knightsbridge team wishes John a happy retirement following decades of hard work, the best of luck to the Nicholl family, and every success to Compufast and the wider Abormic Services Group as it branches into the Irish market.