Smith Cooper announce revenue growth of 25%

Midlands based accountants and business advisors Smith Cooper, have today announced that the financial year to 31 March 2019 (“FY19”) was the Group’s most successful, with Group revenue having increased by 25% to c£19m, and profits up from the prior year.

The majority of the growth is Organic and across all service lines and locations, with 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, and continually increases the average size and sophistication of its clients.

James Bagley, Managing Partner stated “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.”

“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.”

As well as its core Accountancy and Advisory services, the Smith Cooper Group consists of the Midland’s ‘Number 1 Sage 200 Partner’ Smith Cooper System Partners, Infuse Technology, a Midlands based IT Managed Service Provider and Microsoft Silver Competency Partner and Smith Cooper Independent Financial Services Limited, an Independent Financial Solutions provider.

Smith Cooper are a UK Top 50 Accountancy firm and have in the last several years, won numerous industry awards such as ICAEW’s Medium Practice of the Year 2019, Insolvency Team of the Year and most recently have been nominated for 5 Insider Dealmaker awards.o