A GOLBORNE based accountancy and advisory firm has completed a management buyout from its previous owners.

The deal sees the firm, based at Yew Tree Lane in Golborne, 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 and aims to do that whilst remaining independent and owner-managed and continuing to focus on its core market of owner-managed SMEs.

JS says that the firm’s people and clients are the heart of the business and are determined to ensure that client experience remains excellent as the firm grows and is strengthened with a wider team of specialists.

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Leigh Journal: The JS team recently completed a management buyoutThe JS team recently completed a management buyout (Image: JS)
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.

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 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.

Leigh Journal: JS aims to unlock further investment and grow further after the MBOJS aims to unlock further investment and grow further after the MBO (Image: JS)
Lucy Williams, managing partner at JS, said: “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.

 “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.

"It’s an exciting time for JS and I look forward to working closely with the management team, alongside Diane, Peter and the Jackson family, to continue driving the firm forward over the coming years.”