Frances Ball 8 May 2019 12:45pm

Baldwins buys another north west firm

Baldwin’s acquisition of Montpelier, a Preston-based accountancy firm, has solidified its presence in the UK’s north west

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. It now has 92 offices throughout the UK.

Louise Highton, director at Montpelier, said, “This is an exciting opportunity to evolve our Preston office into the go-to place in Lancashire for advice on all aspects of running a successful business.

“We’ve built up a solid reputation over the years for providing quality business and tax advisory services to clients in addition to tax and accounts compliance, and working with Baldwins will unlock a range of other specialist services that will help our clients to develop and grow,” she added.

David Travis, regional managing partner at Baldwins, said the acquisition “perfectly complements our coverage across the north of Manchester and Lancashire, enabling the team in Preston to now provide a full complement of services such as corporate finance and restructuring to clients via our local north west network.”

David Baldwin, board director at Baldwins, has overseen the firm’s strategic expansion across the UK.

“Our aim is to be the leading professional services firm in business communities across the UK, and acquiring firms such as Montpelier that has unrivalled knowledge of the areas that they’re operating in are key to this,” he said.

Baldwins’ national expansion plan has seen it make multiple new acquisitions in the first few months of 2019.

It welcomed Stockport firm Booth Ainsworth to its group in January, as well as Edinburgh-based Scott-Moncrieff and Welsh firm Broomfield Alexander in April this year.