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Brown and Co has acquired Ingalls accountants for a six figure sum backed by Mercia’s SME Loans fund.
The deal will enable Brown and Co to almost treble its turnover and more than double the size of its team from eight to 18.
The deal also allows for the retirement of Ingalls’ managing director, Ged Whiteside, who bought into the business in 2011.
Chris Brown, managing director of Brown and Co, said: At Brown and Co we aim to go beyond the basics of accounting and offer a personal and pro-active service to help our clients grow their business and realise their full potential.
“Having built a strong track record in Lancashire, we are excited to be expanding into Cumbria. We have a strong personal connection to the area. We believe we can add value to local businesses and look forward to supporting new and existing clients across the county.”
Mike Rogers from Mercia’s SME Loans team added: “This transaction brings together two complementary accountancy firms. It will safeguard the future of Ingalls’ business and bring new digital skills and products to enhance its operations. It will also enable Brown & Co to expand geographically and pursue its ambition to become the leading digital accountant across Lancashire and Cumbria.”
Brown and Co was established in 2012 by Brown, who had previously spent eight years working with ‘big four’ accountancy firm KPMG.
