PracticeAccounting FirmsGlasgow firm set to break the £10m barrier

Glasgow firm set to break the £10m barrier

Scotlands ninth-largest firm sees its turnover rise 17% with pre-tax profits of £2.5m

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
Business
Scotsman
reported.

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.

Further reading:

Accountancy
firm in tie-up turnover boost

Raynor confident as Tenon post £74.9m half-year
revenues

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