French Duncan, the Glasgow-based firm, is on track to break the £10m turnover
barrier, following last years merger with rival Edinburgh firm McCabes.
The merged firms created the ninth largest accountancy practice in Scotland
with turnover rising 17% (£7m) this year to April. Additionally pre-tax profits
increased to £2.5m up from £1.9m the previous year the
Robert Kerr, managing partner French Duncan, said: ‘We expect to reach the
£10m turnover mark in the current year as a result of our amalgamation last year
with McCabes, which now trades under the French Duncan banner.’
‘Credit recovery is a busy part of our operation at present, but even so, we
too have suffered from bad debts, and I expect this situation to get worse
before it gets better,’ he added.
Despite predicted difficulties in the market, the firm hopes to spend
approximately £500,000 later this year on upgrading its IT systems.
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