13 October 2022
Haines Watts has released its latest financial results, with the firm recording double digit growth thanks to steady organic growth and continued acquisitions as part of the firm’s ambitious ‘buy and build’ strategy.
Managing partner Michael Davidson said: “We are ending FY22 in a strong position, with all regions performing well. Hitting the £105m mark is a huge achievement and a testament to the hard work of our people who have continued to go above and beyond for our clients, as they navigate through difficult trading conditions for business owners. Tax has continued to be a solid service line, supported by audit and general accounting as we continue to see clients migrate from the Big Four. Owner managed SMEs in particular, value our hands-on and relationship focussed approach. While other firms furloughed their admin and support teams during Covid, we remained fully functional to offer practical support when it was needed the most.
“Our people have always been our main priority and we have continued to prioritise investment in our teams and our office spaces over the past two years. I am particularly proud that we have promoted the highest number of ‘home-grown’ partners in the business to date. Talent acquisition, retention, diversity and inclusion remain high on our list of priorities, and we have hired a Chief People Officer to accelerate that journey.
“After the appointment of a CIO in 2021, we are continuing to expand our in-house digital expertise, boosting our technology offering to cater for our and our clients’ evolving business needs and challenges. Integrating business data and intelligence across functions in real time is becoming a crucial competitive advantage. As an example, supporting our clients to better respond to the current disruptions in global supply chains, which can have a real impact on both business reliability and profitability, has been a key development.
“In addition, we have hired a Chief Risk Officer to help us cultivate a more robust business culture with a real focus on anticipating and managing risks and creating better awareness and assessment tools to become more proactive in this area.
Haines Watts has over 40 offices across the UK and operates a regional model across 10 regions to support its local offices.
Davidson continued: “Our regional model delivers well as we create more synergy between offices and better support both our teams and our clients.”
