Kreston Reeves sees 11% rise in fee income

South East-based accountancy firm Kreston Reeves has reported an 11% increase in fee income, with revenue of £37.38m for the financial year ending 31 May 2018, up from £33.78m the previous year

The firm, ranked at 24 in Accountancy’s league table, also posted profits of £10.1m up from £8.7m.

Kreston Reeves has more than 50 partners and over 550 staff across its nine offices in London, Kent and Sussex. Clients of the firm include successful and fast-growing entrepreneurial businesses together with not for profit organisations and wealthy individuals and families. 

Nigel Fright, managing partner at Kreston Reeves said: ‘We continue to build on and expand our firm, with a strong team, depth and breadth of services with sector expertise and excellent geographical reach. 

‘We are greatly encouraged by our continued growth and the opportunities ahead, particularly from international businesses seeking to invest and do business in the UK.

‘We continue to make significant investment in our people increasing the allocation of profits into our staff bonus scheme, in the role we play in our local communities, and in technology creating a firm that will continue to meet the needs of its clients in future years.’

The firm has recently appointed a new corporate finance partner, Jack Clipsham, and has merged with corporate finance boutique SamCorp, as well as adding a new VAT director, Colin Laidlaw.

Kreston Reeves has also created its own charitable foundation which will provide a focal point for the firm’s charitable activities, which saw over £10,000 raised last year.  It will be run by the firm’s employees for employees, looking to raise funds for their choice of local and national causes.

Report by Pat Sweet

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