IRIS FMP creates payroll powerhouse in the Midlands

5th December 2017

Payroll service provider IRIS FMP has created a Midlands payroll powerhouse by acquiring the payroll division from leading Midlands-based business advisory firm, PKF Cooper Parry. The acquisition completed on 5th December 2017.

The two firms have entered into a working partnership that will see PKF Cooper Parry’s payroll team and clients working with IRIS FMP (IRIS FMP).

The team of seven at PKF Cooper Parry, led by the firm’s Head of Payroll, Michelle McDonald, will move across to IRIS FMP and will head up their Midlands’ offering. This means that for current PKF Cooper Parry clients, their team and relationships will stay the same. 

Payroll Powerhouse Midlands

Payroll is increasingly technology-led. It is becoming more complex and therefore requires specialist focus. There have been a lot of recent changes in the industry and there are many more to come.

IRIS FMP has a multi award-winning team, backed by their own HMRC accredited software, Payrite. This is the current software used by PKF Cooper Parry and so IRIS FMP are well placed to offer all payroll clients exactly what they need.

PKF Cooper Parry’s focus on quality and commitment to being number one, coupled with IRIS FMP’s ambitions and cultural fit, were just some of the reasons that led to this partnership.

This enables PKF Cooper Parry to focus on its core strengths whilst ensuring that all clients have a team at IRIS FMP who are at the forefront of their industry and 100% dedicated to payroll.

Justin Cottrell, CEO at IRIS FMP commented: “I’m passionate about payroll and this acquisition is ideal. PKF Cooper Parry were already users of our award-winning Payrite software, so it was an opportunity too good to miss.

We’re taking on some great people and some great clients, and I’m looking forward to creating a superb payroll hub for any business looking for payroll within the Midlands.”

Ade Cheatham, CEO at PKF Cooper Parry said: “IRIS FMP has a very similar philosophy and culture to ours and is a perfect match. We’re passionate about people and giving clients a brilliant experience.

This move allows us to give our clients the best payroll service and a seamless transition to a new provider, whilst allowing us to focus our efforts on the core services that make Cooper Parry stand out from other accountancy practices.”


IRIS FMP is the leading provider of payroll and HR services to international and UK based SME organisations, with over 40 years’ experience.

In the UK provide IRIS FMP provides BACS registered payroll outsourcing solutions and payroll & HR software for companies. Using IRIS FMP’s HMRC approved software, IRIS FMP works with organisations to flexibly deliver outsourced payroll services or create user friendly blended software and service solutions for existing payroll teams. With four other UK offices the PKF payroll acquisition creates a payroll powerhouse in the Midlands

This blend of software and services ensures a fast, reliable and secure payroll processing solution for companies, both domestically and internationally.

IRIS FMP Clients include some of the best-known corporations, private sector and not for profit organisations, including: PWC, Henderson Global Investors, Monster Energy, Publicis, Top Shop, All Saints, Age UK, Uni Qlo, Harlequins RFC, and NCVO.

IRIS FMP was supported through a private equity backed MBO in August 2016 merging the Bond Payroll Services, Bond HR & Payroll Software and IRIS FMP brands into one single entity.


PKF Cooper Parry is one of the largest independent firms of business advisers in the Midlands with an established track record of helping entrepreneurial businesses and private clients in the UK and internationally.

The firm acts for more locally owned private businesses in the Midlands with a turnover between £10m to £200m than any other accounting, tax and advisory firm.

The firm has been awarded a whole host of awards and accolades, including being placed in The Sunday Times 100 Best Companies to Work For 2017, The Most Innovative Mid-Tier Practice at The British Accountancy Awards and Cooper Wealth achieving New Model Adviser of the Year for the Midlands.

PKF Cooper Parry is one of five UK firms to join the international PKF network which enables it to provide global capability and expertise to its clients.