Accountancy and advisory firm posts record year
Accountants and business advisory group Smith Cooper, has announced a record year, with revenue having increased by 25% to around £19m, and profits up from the prior year.
The firm says the majority of the growth is organic and across all service lines and locations, with substantial uplift in the revenue generated from the firm’s specialist service lines, including business advisory, corporate finance and business recovery. The firm says it has also increased its share of the audit and assurance market.
James Bagley, managing partner, said: “After a strong FY18, a challenging target was set for FY19 which I am delighted to say that we have surpassed by some considerable distance. Most pleasing is that the strong performance witnessed by the Group is across all component parts of our business and shows the positive profile that Smith Cooper continues to generate across our core locations and furthermore that the substantial investment we have made into people and processes is yielding positive rewards.”
“Our stated ambition is to continue to develop the Group’s service offering and in turn its market share within our core locations and beyond, and we continually look to achieve this by reinvesting profits in the business, by attracting the very best people at all levels of seniority and to consider strategic acquisitions which would complement the markets and clients we serve.”
As well as its core accountancy and advisory services, the Smith Cooper Group consists of Smith Cooper System Partners, Infuse Technology, a Midlands-based IT managed service provider and Smith Cooper Independent Financial Services.
