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Streets
enters the top 40
Streets Chartered
Accountants has moved up the profession's league table an amazing fourteen
places from 47th to 33rd in the country, compiled by Accountancy Magazine;
the official journal of the Institute of Chartered Accountants in England
and Wales.
The league table
which ranks accountancy firms based on their overall fee size serves
as a professional benchmark for the UK’s leading accountancy and
tax practices. The table also provides an insight into trends within
the market place. Whilst some sectors face pressure on growth, including
the Big 4, mid tier firms such as Streets appear to be riding the storm
in the current economic climate and are reporting growth and expansion.
Over the last year
Streets has achieved organic growth of 11.5% across the business. This
result compares with an average across its competitors of 6.4% growth.
Streets Tax, the firm’s dedicated tax practice, also bucked the
national tend with a 12% growth in business, a result which puts the
firm’s tax work in the top 40 tax practices in the UK, with a ranking
of 32nd.
The firm’s
organic growth has been augmented by its merger with one of the East
of England’s leading firm’s Whitmarsh Sterland earlier this
year. With 8 partners and 53 staff, their well established client base
adds to the group’s business activity.
Commenting on the
firm’s success Streets’ Chairman and Managing Partner Paul
Tutin said,
'We are especially
delighted with this year’s results, they are a true accolade to
our partners and staff who have collectively worked with such dedication
and professionalism to help us to achieve this result.
'Our merger
with Whitmarsh Sterland has been a real boost, a win win for both firms.
Coming together has not only strengthened our respective practices,
it has enabled us to be recognised as one of the pre eminent firms in
the East England. A stance which mirrors the presence Streets has in
our other locations throughout the East Midlands, and South and East
Yorkshire.
'Our organic
growth comes about through being able to provide those looking for an
accountant with someone who is truly able to offer personal, timely,
efficient and proactive advice. We also find clients value the access
to specialist advice be it in the area of tax planning, financial advice
and increasingly guidance and support with international business.'
Looking to the
future Paul Tutin continued,
'We are very
conscious that the economic climate over the next 12 months presents
significant challenges for us all. This understanding will no doubt
be fundamental in underpinning the advice and support we give to our
clients. We will retain our focus of developing the firm in accordance
with the needs of our clients and that of becoming a top 30 UK accountancy
practice.
'In particular
we will be looking to develop our presence in the East of England by
capitalising on the opportunity provided by the merger and our ability
to offer clients a wider and more comprehensive range of services.
'Across practice
we will be looking to develop our team with continued recruitment and
the development of senior and qualified personnel who can provide specialist
support and services to clients.
'We will maintain
our commitment to developing our tax expertise and services so as to
help our clients minimise their tax liabilities. This approach requires
us to continue developing specialist tax products and schemes.
'Over the next
12 months we are looking to launch a partner led corporate finance service
which will provide a niche approach to those businesses looking for
support with the acquisition, merger or disposal of a business.
'Whilst the
last 12 months have been eventful and rewarding, the next look equally
exciting and potentially rewarding for the firm and clients alike.'
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