Profits up at accountancy firm despite ‘tough decisions’

Profits and turnover at accountancy firm PKF Cooper Parry have risen – despite the firm ditching its payroll and restructuring work over the last 12 months.

Turnover rose by 7% to £34.2m, while profit was up 5% to £7.6m for the year-ending 30 April 2018.

Chief executive, 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.”