North West accountancy and advisory firm completes MBO

North West accountancy and advisory firm completes MBO

Investment in its people will drive forward the ambitious growth plans. The new structure will see Lucy Williams take the reins as managing partner

North West-based accountancy and advisory firm, JS, has completed a management buyout (MBO) from its previous owners.

The deal sees the firm transition from its current partnership model to a new corporate structure to support with future growth plans. The senior individuals will still be known as partners.

JS has ambitious plans to grow over the next ten years. It aims to do that whilst remaining independent and owner-managed and continuing to focus on its core market of owner-managed SMEs.

The firm’s people and clients are the heart of JS and the management team are determined to ensure that client experience remains excellent as the firm grows, but it is further strengthened by the wider team of specialists that will be available.

With over 100 years of experience, JS has a long history of working with owner-managed businesses across the UK. The firm currently delivers several services including audit, accounts, tax advisory, compliance, management consultancy and digital finance transformation.

New team structure

With a team of 90, the current JS management team comprises of Lucy Williams, Chris Moss, James Wood, and Steve Crompton. To continue delivering sustained growth across the firm, the management team has taken a majority stake in the business.

The firm has also made two new partner appointments, Emma Bowles to tax partner and Emma Birchall to accounts partner. Emma Bowles and Emma Birchall will both join the management team.

Lucy Williams will take the helm as managing partner, having worked at the firm for over eight years, most recently as tax partner.

“This move marks a bold and exciting next step in JS’s history. At our core we have always been focused on delivering best-in-class service to owner-managed businesses. This MBO will allow us to continue on that journey, while unlocking significant growth for the business,” said Williams.

“The pivot away from the traditional partnership structure will allow us to more effectively implement our ambitious 10-year strategy, while ensuring career progression and development remains at the heart of who we are. At a time when many accountancy firms are being acquired by larger counterparts or consolidators, we’re proud to maintain our independence as a firm.”

The new structure will supercharge the firm’s growth plans, while unlocking continued investment in its people.

JS’ previous managing partner, Diane Brennan, and senior partner, Peter Atkinson, will remain active partners in the firm and will continue to work closely with Lucy and the new management team going forward.

JS has been in the Jackson family for over 100 years and that isn’t changing, John and Helen Jackson, will remain committed and invested in the firm.

“JS has been in the Jackson family for over 100 years, and we are very happy that will continue with our investment in the new firm.  We have every faith that the current management team can continue to grow the business, building on the work Diane and Peter have done, and we look forward to being part of that journey,” said John Jackson.

Ian Riggs, Philip Congdon, Daniel McDonagh and Matt Boyer at Hill Dickinson provided legal advice to the buyside and Charlotte Lees at Bermans advised Diane and Peter.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

4m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

4m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

4m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article