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Haysmacintyre

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Background

Formed in 2001, Haysmacintyre LLP is the product of a merger between two long-standing London firms, Hays Allan and MacIntyre and Co. 

Since its formation, the firm of chartered accountants and tax advisors has grown its operation to expand over 38 partners and new premises in the City of London, which it opened in 2018.

The group also co-founded the MSI Global Alliance in an attempt to support its clients’ international business operations and growth plans. The alliance now involves over 250 mid-sized legal and accountancy firms in more than 100 countries.

2018 saw the firm introduce a set of staff-created common values, which included integrity, collaboration, empowerment, and dynamism. Moreover, a diversity initiatives programme was launched in 2019 at the Haysmacintyre, the same year as the firm converted to a Limited Liability Partnership (LLP).

Haysmacintyre’s 39 partners and over 565 staff are led by Natasha Frangos, managing partner at the firm.

Haysmacintyre says that “the principal object of the LLP is to provide sector-focused advice to business leaders, owner-managed businesses, PIEs, charities, and not for profit organisations across the UK and internationally”.

The group offers a range of professional services, including audit and assurance, taxation, accounts preparation, business advisory, and corporate finance, while also providing a number of outsourcing services.

Moreover, the firm of chartered accountants and advisors claims to have built “strong, close and enduring relationships” as “trusted advisors” for its clients.

Financials

For the year-ended 31 March 2023, the firm’s turnover was £52.3m (2022: £45.9m; 2021: £38.4m; 2020: £37.3m) of which £29.3m (2022: £24.6m; 2021: £21.1m; 2020: £19.7m) related to the provision of statutory audit services.

Recent Coverage

Haysmacintyre has been named one of the ‘Best Places to Work’ for 2024 by The Sunday Times, in recognition of its commitment to championing its people through development and diversity initiatives. 

The ranking, which has been produced from benchmarking data obtained from over 70,000 companies globally by WorkL, saw the firm achieve ‘excellent’ scores across the board, making it one of just 92 companies to be acknowledged in the list of best ‘Big Organisations’ to work at in the UK. 

The survey also investigated employees’ sentiments on issues including overall job satisfaction, wellbeing, and recognition, with Haysmacintyre achieving top scores of 88%, 84%, and 83% respectively.

In addition, the firm has an “impressive” retention rate, having seen 60% of its current partners remain with the company from trainee level.

Haysmacintyre has announced the promotion of Krupa Shah to audit director, alongside two other new directors, Michael Crowson and Said Bile, as the firm continues its investment in its people. 

This comes as Haysmacintyre celebrates its position in LinkedIn’s ‘Top 15 Midsize Companies’ in the UK listing.

Shah has been at the firm since 2022, overseeing a substantial portfolio of clients across the creative, media, and technology (CMT) sectors, with a focus on marketing, media and advertising. 

Meanwhile, Bile has over 10 years of experience in providing specialist R&D tax incentives advice across a wide array of clients of different sizes and different sectors

In addition, Crowson’s background is predominantly audit with extensive experience of IFRS, UK GAAP and US GAAP, including a client base largely built of private equity-backed and listed companies

Haysmacintyre has been shortlisted for ‘Best Outsourced Provider’ in the HFM European Services Awards 2024. 

HFM European Services Awards aims to recognise and reward hedge fund service providers who demonstrate “exceptional client service, innovative product development and strong and sustainable business growth”.

The judging process, which is based on the views of a panel of leading hedge fund COOs, CFOs, CCOs, GCs and CTOs, ensures that the Awards stand out from the crowd as the ones the big providers really want to win, and recognise those driving up service standards across the sector.

Haysmacintyre has announced three director promotions, reinforcing its commitment to the development and progression of its people. 

Donna Russell, James Gramston and David Lyons have all been promoted to director, effective from 1 January 2024. The promotions come as the firm bolstered its senior team with six partner promotions over the past year.

 Strengthening the team at director level reinforces Haysmacintyre’s commitment to its audit, tax and advisory services to clients across core sectors of specialism, including corporate and not for profit organisations, alongside the firm’s private clients.

Haysmacintyre has appointed of Shimi Shah as its second independent non-executive (INE) director and chair of the leadership board. 

Shah will work closely with the members of the leadership board – including Stephen Wardell, the firm’s other INE, who joined in October 2022 – to help the firm achieve its business strategy as a partner-owned firm.

She has been actively involved in building, scaling, and running businesses, incubators, innovation policy, fund management, and venture capital for over 20 years across the US, Europe, and the Middle East. 

Leveraging her broad experience will reinforce the firm’s ability to meet its mission statement of being a firm that continually invests in its people, equipping them with the right skills, to work with the right clients in the right way.

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