Accounting Firms

Haines Watts revenue up 3% in FY21

The growth was driven by the group’s continued ‘buy and build’ strategy as well as organic service growth across the regions and focus on rounder advisory services

Accountancy firm Haines Watts has reported a 3% like-for-like revenue growth for FY21, with credit being given to the team’s “resilience and fortitude” in the face of a challenging year in UK business.

The growth was driven by the group’s continued “buy and build” strategy as well as organic service growth across the regions and focus on rounder advisory services.

Michael Davidson, managing partner, said that “special credit” should be given to the group’s employees across the UK who have “worked tirelessly” to continue to support clients during the pandemic.

Throughout the period, the group made 10 acquisitions and is “confident” that in conjunction with them, the firm will be back in “double digit growth” by the start of FY22.

Tax has continued to be the firm’s strongest service line, and as a result the company brought in a ten strong team from a boutique in London to further expand its offering.

With the face of the workplace shifting over the last year, the firm adapted and created an environment it said was “fit for the future”. The firm said it is also investing in office upgrades across the UK and has taken advice from teams of experts, including behavioural specialists to create the “optimum workspace”.

Davidson added: “We have made significant investments into our people, culture and support systems, which have become more crucial still as the pandemic forced lockdowns and home working on most of us.

“We are committed to supporting diversity in areas where there have been big challenges in the past. We have gone out to actively find projects where we can make a real impact.”

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