The firm announced it was to take on limited liability status and reintroduce partnerships with performance-related pay. The changes are intended to reincentivise managers to perform better and make more money.
But after last year’s aborted offers to buy Numerica, this latest change is likely, in the short term, to present another blow to morale and raise further questions over the integrator/consolidator business model. Only time will tell if the Numerica’s executives now have it right.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton