Julia Irvine 5 Feb 2019 09:45am

Baldwins buys up another firm in NW

Acquisition-hungry Baldwins Accountants has snapped up another accountancy firm as it seeks to build up its regional footprint in the north west

The latest one to join in what seems to be Baldwins’ unstoppable route march across the UK is Booth Ainsworth, a well-known Stockport firm with a staff of 100 and fee income of £5m.

The 60-year-old firm, which has a client list of some 2,500 SMEs and private clients throughout Manchester and Cheshire, will continue to trade as Booth Ainsworth but its participation in the Baldwins Group will enable it to offer a wider range of services in the north west. These include corporate finance, banking and finance, software solutions and restructuring.

As Booth Ainsworth managing partner Don Bancroft points out, “Joining forces with Baldwins gives us a springboard for further growth that will enable the firm to enhance its service offering while providing fantastic opportunities for our staff.

“This opportunity with the Baldwins Group provides us with greater regional coverage and significantly enhances the resources we will have available to us to services our clients, while also providing a one-stop shop for business advice.”

Baldwins now has five offices in the north west, including Stockport, Manchester, Bolton, Rossendale and Lancaster.

Since October 2016 when Baldwins itself was acquired by John Connelly’s Cogital Group, the firm has set about creating a national business with the backing of private equity.

Two years ago it had 27 offices and 650 staff. With acquisitions like top 20 firm Wilkins Kennedy and Campbell Dallas, one of Scotland’s largest firms, under its belt, it now boasts more than 80 offices and a staff of 2,500.