We've lost money by helping clients: French Duncan
Firm claims thousands of hours went uncharged as firm helped clients during recession
Accountancy firms have paid the price for nursing businesses through the
crisis, according to an accounting firm which said it had to write off thousands
of chargable hours.
French Duncan said its profitability has been hit due to time spent holding
businesses’ hands during the down turn.
“We have to acknowledge that our ongoing commitment to clients has had an
impact on our profit growth,” said Robert Kerr, managing partner with French
Kerr said while turnover grew by £2million to £8.5 million pre-tax profits
held remained at an even £2.5 million.
Kerr said he had to meet “huge demand” to advise and shepherd clients through
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