Baldwins acquires Stockport firm to aid NW expansion
1 Feb 2019
Baldwins accountancy group, a member of CogitalGroup, has acquired a Stockport-based accountancy practice in a bid to strengthen its regional footprint in the north west
1 Feb 2019
Booth Ainsworth was formed in 1959 and has been based on Greek Street in Stockport since 2002. Its 100-strong workforce, services more than 2,500 SMEs and private clients across Cheshire and Manchester, with an annual fee income of £5m.
The deal adds to Baldwins’s existing bases in Manchester, Bolton, Rossendale and Lancaster. Over the last 12 months the group has grown to 84 offices across the country as part of its national strategic expansion plan, employing over 2,500 staff with an annual turnover of circa £170m.
David Baldwin, director at Baldwins, said: ‘This is a significant acquisition and is taking the Baldwins Group’s expertise to an even greater level in the north west, following the recent acquisitions of CLB Coopers and Cassons in the region.’
The Stockport-based firm will continue to trade as Booth Ainsworth, part of the Baldwins Group, and all its existing partners will continue to manage the firm.
Don Bancroft, managing partner of Booth Ainsworth, said: ‘This opportunity with the Baldwins group provides us with greater regional coverage and significantly enhances the resources we will have available to us to service our clients, while also providing a one-stop-shop for business advice.
‘Making Tax Digital is a prime example where Baldwins, who are backed by the Cogital Group and their technological expertise, will help us deliver client focused solutions.’
David Travis, regional managing partner of Baldwins, who also led on the transaction, said: ‘Booth Ainsworth has an excellent reputation in the owner-managed entrepreneurial market.
‘The acquisition provides Baldwins’ north west group with a superb gateway into south Manchester and Cheshire whilst complementing our other north west offices.’
Report by Pat Sweet