Broadland Business Park-based TaxAssist Accountants’ continual growth has seen the network of small business specialists rise one place to 21st in the highly regarded industry league table with a 5% increase in fee income, up from £39.6m to £41.5m.
The latest survey reveals that growth across the sector has accelerated despite the economic uncertainty caused by Brexit and new regulations. The top UK accountancy firms recorded fee revenues totalling over £16bn in the last financial year, one year after breaking the £15bn barrier.
Karl Sandall, Group Chief Executive Director at the TaxAssist Group, said: “To have moved up one place to 21st in the league table is fantastic news. Our rise of 13 places, since we first entered the Accountancy Age survey in 2010, is testament to the dedication of our network and our sustained vision for continual growth.
“Although we are living through uncertain times, recruitment of new franchisees continues to be strong. The benefits to being part of the TaxAssist network are clear and our full service offering is increasingly in demand with small business clients, who need help and advice with software and regulation, attracted by our visible, welcoming shop based practices. I feel confident that our adoption of a best-in-class technology suite, investment in our brand, coupled with our plans to develop services to help attract and support clients, bodes well for future performance.”
Austin Clark, Editor at Accountancy Age, said: “The good news for the sector is that this year’s ranking showed widespread growth across the table – from the Big Four through to the smaller firms in the listing – despite the multitude of challenges faced and the uncertain climate.”