Staffordshire accountants use business loan for strategic acquisition

With support from a six-figure finance agreement, Bradleys Accountancy Practice has taken over accountants Ballance & Lowbridge. A specialist in tax and accountancy, Bradleys is based in the Staffordshire market town of Hednesford and described the move as a “key strategic acquisition”.

Finance for professionals is open to a wide range of qualified specialists. Loans for accountants, architects and dentists help practices extend their presence in the area they serve but can also provide capital to purchase property and equipment or cover seasonal slowdowns in revenue.

Bradleys was founded back in 1990, headed up by Phil Bradley, its Managing Director (MD). The company’s diverse client base includes partnerships, sole traders and limited companies working in a wide range of different industries.

Its new acquisition, Ballance & Lowbridge, is also located in Hednesford and was established around the same time as Bradleys. The practice acts on behalf of over 650 clients, which range from sole traders and individual professionals to limited companies of medium scale. Its services include accountancy services, supplying tax advice, pensions, payroll, secretarial services and company formation.

Commenting on the move, Bradleys’ MD said that both companies had known each other for many years and that the timing was mutually beneficial. He added that the deal had been completed efficiently and quickly and would support the accountancy practice’s continuing expansion. The finance provider connected with Bradleys’ acquisition stated that it was able to find the correct solution that would deliver the firm with the funding it required to secure a smooth takeover.