A Scunthorpe accountancy is set to take its growth to the next level on the back of a £150,000 funding package.
Jackson Stapleton Accountants, which was established in 2017, has secured the funds from the Midlands Engine Investment Fund II, following assistance from fund manager for the East and South East Midlands, Maven Capital Partners. The business expanded its UK footprint in 2021 through the acquisition of a Lincoln-based office, previously known as Fawcett & Co.
Now the new funding will allow the business to grow further and develop its client base, through the addition of a practice in Retford.
Mark Jackson-Stapleton, managing director at Jackson Stapleton, said: “In September 2024, we proudly acquired our third office in Retford, formerly known as Mill Accountancy. This acquisition marks another significant milestone in our journey, as we remain committed to surpassing past successes and setting new standards of excellence in accounting services.
“We believe that by continually investing in advanced technology and the ongoing development of our staff, we can offer more efficient and tailored services to meet the evolving needs of our clients. I would like to extend my sincere thanks to Richard and the Maven team for their excellent support in securing the necessary finance for this acquisition. Their expertise and dedication have been invaluable to our continued growth.”
Richard Altoft, investment director at Maven, said: “Maven are excited to be supporting Jackson Stapleton through the Midlands Engine Investment Fund II as it expands its business. The business has a highly experienced management team, capable of growing the business and taking its service offering to the next level. “
David Tindall, at British Business Bank, said: “It is great to see finance from the Midlands Engine Investment Fund II being used by Jackson Stapleton Accountants to build on its success and explore new opportunities for growth and expansion while creating a positive impact in the local economy in the Midlands.”
The £400m Midlands Engine Investment Fund II was launched in February 2024 and covers the entire Midlands region, providing debt finance from £25,000 to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up and scale up.
Original artice – https://business-live.co.uk/all-about/yorkshire-humber
