Leeds-headquartered accountancy and business advisory firm Hentons has just recorded one of its strongest ever 12-month trading periods, with the fast-growing practice named as one of the top 100 accountancy practices in the UK earlier this month.
Hentons, which has offices in Leeds, York, Sheffield, Thirsk and London recorded a 13% increase in turnover over the last 12 months, with all of its specialist divisions, which include property, agriculture, healthcare and music and entertainment, performing strongly.
The growth is attributed to the firm’s client-focused and partner-led approach and blend of national expertise with local knowledge. Hentons has won over 350 new clients over the past 12 months, growing its overall client portfolio of SMEs and owner-managed businesses and individuals to in excess of 4,000. As well as working with a range of businesses from start-ups to established businesses, Hentons also works with individuals, from budding entrepreneurs to stars, such as singer-songwriters Emile Sandé, Mabel and electronic music duo Disclosure.
In addition, the last 12 months have seen the firm continuing to invest strongly in developing and growing its 110-strong team. This included the appointment of three new partners, with Simon Roberts, Tim Baum-Dixon and Brett Davies in the Leeds, Sheffield, and York offices, respectively, and the promotion of Mike Werbowy to Director for the London office.
This continuing growth, which builds on the successful momentum generated over a strong 19/20 financial year, has seen Hentons ranked as one of the top 100 accountancy firms by fee income in the UK by industry bible Accountancy Age. The ranking by Accountancy Age places Hentons at number 85 on the prestigious Top 50+50 national list.
Commenting on the firm’s strong performance and future ambitions, Managing Partner Nadeem Ahmed said: “Our continuing strong performance is testament to the incredible efforts of the whole team. Over the last 12 months, every division of the business has performed well, some exceptionally so, such as our digital accounting team who have been very busy helping clients to move their accounts systems into the cloud and providing valuable financial information during a very turbulent pandemic period.”
“Thanks to our industry-leading training, development and recruitment programme, we have an incredibly talented and driven management team in place, and we’re now nationally and internationally recognised for our services and specialisms.”
“While the backdrop clearly remains challenging, we’re on track to achieve our strongest ever financial year and exploring further growth opportunities, including potential acquisitions over the coming months, as we look to take Hentons on to the next level.”
The firm invested heavily in new technology at the start of the year, including a cloud server and telephony platform, which meant that when the lockdown was introduced its employees were effectively able to work from home with minimal disruption to working practices and, more importantly, provide seamless continuity of service and support to businesses. The feedback on the firms’ newly formed Crisis Management Team, which was set up to help clients during the disruption of the pandemic, has been extremely positive.
Hentons services include accounts, taxation, audit, financial planning, payroll, management information and outsourced finance, virtual finance director services and software consultancy services.