20 Sep 2019 03:37pm

Baldwins continues spree with Gardners purchase

Baldwins Group has acquired Gardners Chartered Accountants, which has an annual fee income of £1.6m

Gardners, which is based Holywell, has a staff of 28 and 2,000 clients across North Wales and West Cheshire. It is led by partners John Gardner and Melanie Langton Davies.

“This is a game-changing move for Gardners that will not only help the firm to build upon the solid foundations that have been laid in the past, but will also unlock a range of services for our client base to help them develop and grow,” said Langton Davies.

Acquisition-hungry firm Baldwins now employs more than 3,000 staff across the UK. Baldwins was acquired by CogitalGroup in 2016, which itself is at the centre of takeover speculation.

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.

CogitalGroup was launched in 2016 by John Connolly, former global chairman of Deloitte, with funding from private equity firm HgCapital. Initially comprising London-based accountants Blick Rothenberg and Scandinavian business Azets (previously known as Visma BPO), within two months Cogital had bought Baldwins.

A raft of further acquisitions since then – including Wilkins Kennedy, the 18th largest firm in the UK, and Campbell Dallas in Scotland – has seen group revenues hit the £500m mark. The group now boasts a workforce of more than 6,500 in around 200 offices across eight European countries.