Accountancy firm to expand in Scotland

Fri, 19 Apr 2019 | BUSINESS SALE



A UK-based accountancy firm with offices peppered across the country will expand its services into Scotland with the acquisition of a counterpart.

Baldwins will take over the well-established accountancy group Scott-Moncrieff, to become a part of the rapidly-growing CogitalGroup.

Presently, Scott-Moncrieff comprises of 16 partners and 220 members of staff, who will all join Baldwins’ 2,700-strong workforce with an estimated annual turnover of £200 million.

The acquisition will allow Baldwins to have a strong presence in Scotland with 45 partners and 500 staff in the region operating from 11 offices around the country. It is anticipated that it will generate a combined annual fee income of £40 million per annum.

Board director at Baldwins Shaun Knight, who is also responsible for handling the Scottish accountancy division, said: "The addition of Scott-Moncrieff will provide the UK business with access to one of Scotland's strongest public and third sector firms as well as expanding the geographical footprint in the North and East of Scotland.

"The combined business will have the largest VAT team in Scotland and adds specialist services in areas such as IT strategy and cyber security. Staff will also have access to more rewarding and varied career opportunities."

Managing partner at Scott-Moncrieff, Stewart MacDonald, commented on the acquisition: “Joining Baldwins and the CogitalGroup presents an exciting opportunity for our clients and our people.

“CogitalGroup leads the industry in using technology to deliver cutting-edge services to clients, with the ability to adapt quickly to changing client needs.”

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Financial Compliance & Operational Risk Consultancy
UK Wide

Works with clients from across the financial services industry to ensure business operations are compliant with FCA regulations. Extensive experience including advising on obtaining FCA authorisation, operational risk and regulatory compliance. Offer...

Asking Price: Offers Invited
Turnover: £1,100,000

LEASEHOLD


Claims Management Company
North West, UK

Specialises in assisting clients claim compensation for mis-sold investments and pensions. Considerable potential to diversify into additional financial services and cross-sell to the company’s past and existing client base. Offers invited.

Asking Price: Offers Invited
Turnover: £5,600,000

FREEHOLD


Legal Support Services
North of England, UK Wide

Well-established provider of niche support services to the legal profession. Opportunity to acquire a provider of very niche support services to the legal profession. The business enjoys a flexible cost base which has allowed fast growth to be achiev...

Asking Price: Offers Invited
Turnover: £2,500,000


View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
12
 
Apr
 

Baldwins merges with prominent accounting firm | MERGER

A well-known accountancy firm has merged with a Cogital Grou...

 
20
 
Mar
 

Christian book distributor enters administration | ADMINISTRATION

A Carlisle-based Christian book distributor has entered admi...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources