Price Bailey has reported a like-for-like growth of 12% for the year ending 31 March 2017, alongside a 25% like-for-like growth over the last two years.
The firm, which recently added its 7th UK mainland office at Sawston near Cambridge, exceeded annual rolling fee income of £25m for the first time.
Its range of core accounting and auditing services have all performed well, enabling further investment in the expanding range of specialist ancillary services, including Legal Services, Corporate Finance, Tax and Insolvency and Recovery.
The firm claims the growth is due to its investment in people, with ongoing initiatives in staff training and employee engagement including internal coaching, talent management programmes, an all employee share scheme and most recently the launch of ‘Smart Working’, it’s unique flexible working initiative.
Price Bailey’s commitment to nurturing and rewarding talent has resulted in 42 promotions within the 350 strong team since the start of April this year, including four new Director and two new Partner promotions, increasing the total number of partners to 29. These promotions will create a solid platform to help the firm realise its plans for growth whilst supporting their vision and ethos for internal development.
Managing Director, Martin Clapson said:
“The firm is growing rapidly and has just achieved its most profitable year to date. A big part of this success is down to the exceptional client care offered by our highly trained and engaged team. Our people play a key role in our long term strategy for growth and will support our strategic aim to become the leading mid-tier accountancy practice in East Anglia.”
“We are currently recruiting for 62 vacancies of which more than half are completely new positions across the practice. It’s a really exciting time for Price Bailey and with such a talented and motivated team, I am very confident our growth and success will continue.”