2018 was action-packed to say the least. The results for the financial year show a 7% growth in turnover and a 5% growth in profits. And we’re still the number one firm of accountants and advisers in the Midlands for privately owned businesses with a turnover between £10-200m. Exciting, right?
Doing what we do best
These numbers are driven predominantly by ongoing success in our core market – accountancy and tax services to privately owned clients in the Midlands.
Last year we took some big steps towards our goal of being number one in everything we do. While our IT, Wealth and Corporate Finance teams remain hugely successful, award-winning parts of the wider business, we made the decision to exit from our restructuring and payroll activity.
Taking the impact of these changes into account, the underlying income growth from the continuing business was 9%, while the underlying profit growth was 10%.
Memories for the mantelpiece
We’ve also added to our collection of prestigious awards. We picked up a hat trick of Employee Engagement Awards recently, including the biggest prize of them all: European Employee Engagement Company of the Year.
We came 12th in The Sunday Times Best Companies to Work For list. Our audit team were crowned Audit Team of the Year at the British Accountancy Awards. And our tax team won Best Regional Tax Practice at Tolley’s Tax Awards.
Giving back to the community
We held another successful Community Week – volunteering over 2,000 hours to local communities and 18 charities across the Midlands. We also started our new charity partnership with Heart Link, a support group based in Glenfield Hospital, Leicester for parents and families who have a child suffering from a heart defect. An incredible cause that was chosen by our people.
Our CEO, Ade Cheatham, said:
“It’s been a really great year for us. We’ve made some big, tough decisions this year. Some of which have impacted on our short-term growth, having doubled in size in the previous three years. But we’re creating something very special and becoming famous for our culture and innovation. We’re set up brilliantly now to scale quickly. We’ll continue to invest in technology, challenge our business models and find better and better ways to deliver a remarkable client experience. 2019 is going to be a very big year for us.”