Baldwins on acquisition trail in Scotland with Sinclair Scott
Baldwins accountancy group, the highly acquisitve member of CogitalGroup, is continuing on the merger trail, and has expanded its presence in Scotland after taking over an Ayr-based accountancy firm
15 May 2018
Sinclair Scott, a long-established independent accountancy firm stretching back more than 100 years, has joined the Baldwins group. The deal will add around £1.3m of fee income per annum and see all of Sinclair Scott’s 20 staff and two partners transfer to Campbell Dallas, who also joined Baldwins in October 2017.
Campbell Dallas is now one of the largest full-service accountancy firms in Ayrshire with a staff and partner complement of 320.
This is Baldwins’ third acquisition in Scotland after Campbell Dallas and Springfords joined the group last year, when the firm announced plans to drive growth in Scotland by a combination of acquisitions and organic expansion.
Shaun Knight, director at Baldwins, said: ‘Sinclair Scott is the latest addition to what is an exciting and on-going journey of expansion across Scotland.
‘Having large, ambitious firms such as Campbell Dallas and Springfords operating as part of the Baldwins Group provides us with a strong foundation to enhance our national presence.
‘Our long-term vision is to bring our wide range of business advisory services to every corner of Scotland.’
Sinclair Scott provides a broad range of accountancy, advisory, tax and compliance services to a mix of owner-managed businesses, community enterprises, entrepreneurs and private individuals. The firm has a strong client base in the charities, rural, farming and healthcare sectors.
Chris Horne, managing partner of Campbell Dallas, said: ‘The deal provides us with further scale and reach to expand our client base throughout Ayrshire and the South West of Scotland as well as building on our sectoral expertise within the medical, dental and rural sectors.’
Currently, over-riding investor CogitalGroup has 4,700 people operating from 150 offices in seven countries, with revenue in excess of £320m.