Johnston Carmichael reports continued growth

Johnston Carmichael, Scotland's largest independent firm of accountants, has announced a 13% rise in turnover and a 7% boost to net profits, driven in part by its merger last year with Ritson Smith and strong performance in its wealth advisory business.

The firm, which is ranked 21 in the Accountancy Top 60 league table, saw turnover increase from £29.6m to £33.4m, while net profit before member's remuneration was £10.57m, up from £9.87m.

Johnston Carmichael Chief Executive Sandy Manson said: 'These are encouraging results, achieved in what remains a challenging market but we now see clear signs of confidence slowly returning across Scotland.'

Manson said the firm planned to expand its wealth advisory practice and was also open to considering further mergers. He also said the firm planned to support companies which are expanding operations overseas, via its membership of the PKF International network which Johnston Carmichael joined in September.

Johnston Carmichael has announced a new brand identity under the theme of 'Where Sharp Minds Meet,' which Manson said was designed to reflect the firm's ethos and progressive outlook in how it supports and works with business owners, visionaries and entrepreneurs across Scotland.

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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