PracticeAccounting FirmsMenzies

Menzies

The 20th largest firm continues to grow despite strong public criticism from a client last year

The firm was formed in 1912 and is now one of leading practices in the south
east of England.

A member of Praxity, the international alliance of accounting firms, Menzies
is positioned at 20 among the UK’s top 50 firms with a fee income of £30.2m.

The firm specialises in advising owner-managed businesses, professional
partnerships and private individuals and also advises clients based in China.

In April 2007 Menzies expanded its expertise in private client and wealth
management work through its merger with Callingham Crane.

In 2005 the firm pushed it ahead of rival Chantrey Vellacott following a
merger with Heathrow practice Bolton Colby, boosting fee income by £2m to
£25.4m.

The firm has performed high profile work, such as that of lead adviser in the
the £6.5m management buy out of digital mixing console business DiGiCo, whose
customers include Madonna and Kylie Minogue.

But the firm drew negative speculation in August 2006 after it was publicly
attacked in a letter published by the national business newspapers.

Menzies was drawn into the debacle after the Warren Tayler, chairman of
AIM-listed company Themutual.net criticized accountants for being inefficient
and political cowards.

Tayler lambasted the auditor of the company for being unable to explain ‘the
nonsense of our company having to employ two sets of accountants and a trebling
of fees from the previous year’.

He also claimed Menzies had blamed the rising costs on increased regulation.

At the time, Menzies refused to comment citing that confidentiality clauses
meant it was unable to discuss specific matters relating to clients.

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