Accounting Firms

Haines Watts celebrates 16% revenue boost with two senior hires

Accountancy firm Haines Watts has celebrated double-digit revenue growth at its Birmingham office with two senior appointments.

The firm, which supports over 7,500 owner managed businesses and SMEs from across the region, revealed it has organically increased revenue at its Birmingham office by 16% by providing a growing number of clients with access to all forms of commercial advice under one roof.

It has also increased its workforce by 10% over the last twelve months, which it said includes the recent “strategically important recruitment” of Lee Meredith as associate partner and Sarah Hughes as head of VAT.

Meredith, who joins from Baldwins, having previously been with KPMG, will be managing a client portfolio of 200 owner managed businesses.

The Birmingham office is the largest in the West Midlands and covers the Greater Birmingham area and parts of Warwickshire, with four other offices in Wolverhampton, Worcester, Hereford and Tamworth providing support for the rest of the region.

Darren Holdway, group chairman at Haines Watts, said: “The move to merge our two Birmingham offices into one prestigious site in Edgbaston twelve months ago has been a great success for the business in giving us better communication, more facilities to support our clients and a sound base for the team to deal with the unexpected impact of Covid-19.

“A 16% rise in revenue prior to the pandemic proves that the level of advice and support we try to deliver is working and we have had numerous significant wins from prospective clients who have outgrown their current advisers or are not getting the attention they deserve and require specialist tax, VAT, audit or advisory guidance.”

He added: “Growing our team, which includes four new appointments in the last three months, has made us more agile and able to adapt to the business owner’s needs, enabling them to provide relevant commercial advice all under one roof. Whether this is preparing for the VAT implications of the UK leaving the European Union or generating cashflow savings for a manufacturing company by enabling them to benefit from R&D tax credits.

“A Covid-19 Hub has also been set up to provide regular blogs on how firms can manage and recover from the pandemic, whilst our experts are in constant contact with the Government to ensure we understand and provide the best access to the support available.”

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