Baldwins targets Wales with Broomfield Alexander acquisition
Fast growing Baldwins accountancy group, a member of CogitalGroup, has made a further substantial investment in Wales by joining forces with MHA Broomfield Alexander, a leading independent professional firm in south Wales
12 Apr 2019
The latest acquisition for Baldwins is MHA Broomfield Alexander, sstablished more than 100 years ago, which has has increased its turnover, both organically and through strategic acquisitions, and now employs more than 110 professional staff and has an annual turnover of £7.5m.
MHA Broomfield Alexander will merge with the current Baldwins firm and will have offices in Cardiff, Swansea, Newport, Monmouth and Aberdare, with around 160 professional staff.
The firm will rebrand on 15 April and will immediately trade as Baldwins, allowing its clients access to the group’s wider range of services including banking and finance, insolvency and forensic accounting.
Ian Thomas, managing partner at Broomfield Alexander, said that this transaction will result in Baldwins being a major player as a business advisory firm in Wales.
Thomas said: ‘This is an exciting development for us in joining a firm of this calibre. We will be strengthening our position in the market and increasing our investment in technology to further improve our client service in a rapidly changing and challenging environment.
‘It will also enable us to provide a wider range of specialist services for the benefit of our clients both nationally and internationally and to continue with our growth plan.’
David Owens, regional managing partner at Baldwins, said: ‘Baldwins now has £12m annual turnover in South Wales, and Broomfield Alexander joining us underlines our commitment to growing Baldwins in Wales.
‘The two businesses also share a similar ethos when it comes to developing additional services for our clients whilst creating career opportunities for our staff.’
Baldwins, which is part of Cogital Group, has 88 offices throughout the UK, employing 2,500 staff and claims an annual turnover of approximately £200m.
By Pat Sweet