THE HOLDING COMPANY of Top 50 firm Montpelier is late filing its 2011 accounts and also faces a winding-up order.
Montpelier Professional Limited, the holding company for the Montpelier group of accountancy firms, has missed the 30 September deadline to file its 2011 accounts. The firm, which filed its 2010 accounts this July, also faces a petition from HMRC.
Watkin Gittins, CEO of Montpelier, told Accountancy Age that the winding up order – for a PAYE debt – would be dismissed. Its 2011 accounts were with the auditors and due for filing soon.
Gittins said that the firm had been “very acquisitive” over the past four years – coinciding with the economic downturn. However, Montpelier was now “stabilised and profitable”.
“We’re not looking to make more acquisitions, let’s see how market conditions develop…every office is profitable and it’s a strong company,” said Gittins.
The firm, which posted revenues of £11.3m for the year ending December 2011 in Accountancy Age’s Top 50 +50 2012 survey, also had a winding-up order from the taxman dismissed at the start of 2012.
Former CEO Robert Jackson quit the firm in July and has set up a new accountancy venture, called BTMR Limited, having bought out Montpelier’s Manchester practice.
Montpelier currently operates out of: London, Leeds, Preston, Fylde, Carlisle and Galloway.