Haines Watts plans to keep growing
The MBO this month has succeeded in uniting their north east and Yorkshire regional firms, but they have no intention of stopping there
After a very successful year for Haines Watts, the firm has recently announced their intention to continue focusing on growth, following on the MBO at the Leeds office earlier this month.
The MBO has succeeded in bringing together their north east and Yorkshire regional firms, as well as facilitating the retirement of Haines Watts’ managing partner, Peter Bancroft. He has been working with the firm for over three and a half decades.
The firm’s report stated that the further development in Haines Watts’ growth plans will be “led by partners Donna Bulmer, James Sutton, and Jonathan Scott” and that “the MBO will strengthen current specialisms in the region, and help cement the Top 15 firm’s position as a leading advisor to aspirational business owners in the North of England.”
Peter Bancroft said: “I am very proud of the work that has been put into growing our Leeds office and I am confident this will continue under the leadership of James, Donna and Jonathan. I’d like to say thanks to all those people I have met over the years and who have made my working life so enjoyable.”
Haines Watts’ has a proven track record when it comes to growing businesses, and they are looking to use this experience when breathing new life into the Leeds practice. The report states that they are “targeting an ambitious eight-figure regional turnover over the next 5 years.”
Regional managing partner, Donna Bulmer, added: “We’re very excited about this next stage of our long-term strategic plan in the north east and Yorkshire. This MBO is the product of several years of sustained growth across our Newcastle, Darlington, and Leeds offices.
“Peter [Bancroft] has done a fantastic job of building the Leeds office from the ground up, and we’re keen to develop it even further. At the heart of our plan is a focus on people and getting the very best out of our now 50 strong team, whether that’s providing bespoke training or developing future leaders with our CMI accredited leadership development programme.”
The MBO follows a 25% increase in their turnover for the north east branches and a £30,000 investment in the refurbishment of their Darlington office.
New managing partner, James Sutton, concluded: “Our Leeds clients will benefit significantly from access to a strengthened team of specialists while dealing with the same familiar people for everyday accounting matters. With experts in R&D tax credits, not-for-profit services, creative tax relief and corporate finance, we are better placed to support the evolving needs of our clients and assist them with the challenges they face as they grow in our vibrant region.”
Only time will tell how the firm’s growth plans will go, but it has been a very promising beginning.