Smith Cooper reports 25% hike in revenue to £19m
Top 50 accountancy firm Smith Cooper has announced its most successful financial year to date, with group revenue for the year to 31 March 2019 up by 25% to £19m from organic growth
8 May 2019
The Midlands-based accountants and business advisers, ranked at number 48 in the Accountancy Daily league table of firms, said the majority of the growth is organic and across all service lines and locations.
This included a substantial uplift in the revenue generated from the firm’s specialist service lines, including business advisory, corporate finance and business recovery. The firm has also increased its share of the audit and assurance market in its key locations.
James Bagley, Smith Cooper 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.’
Smith Cooper is one of the largest independently firms for owner managed businesses across the Midlands, with six offices across the region including Derby, Birmingham and Nottingham. Fee income last year was £15m.
Bagley said: ‘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.’