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.
Specialist provider of printing mailing storage and distribution solutions to the corporate sector across the UK including over 55% of blue-chip FTSE100 companies as well as FTSE250 AIM-listed and high-end brands and companies. In addition the compan...
Global strategic design and innovation consultancy, providing clients with award-winning 360° solutions and insights to achieve competitive advantage in their markets, with services including brand identity and packaging design. Operating from its gl...
This specialist B2B coaching company is dedicated to fostering environments where all talent can thrive. Its mission is to support organisations in the professional and financial services sectors including private equity investment firms law firms ma...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.