Things have calmed down a tad in the Accountancy Age office after
the manic process that is the annual Top 50 survey of firms, but the performance
of the entrants, particularly those outside the top tier, still has the old
noggin turning over
From the top 25 down, including the ‘ones to watch’ in 51st to 75th place,
there is a huge variance in performance. From double-digit growth of up to 50%
to, in some cases, reverse gear. Never has a tough economic environment sorted
out the wheat from the chaff quite so clearly.
No doubt every firm has its story to tell – from acquiring a lucrative office
to losing a key member of staff. That’s why we will continue to bang on about
using your firms’ skillsets to provide an even broader range of services to
clients – they need you more than ever – while also sorting out your back
office. So make sure your credit control is managed effectively and you have an
idea of what will happen to your business when old Smithy retires in a couple of
years. And should you take on that specialist insolvency practice in the next
town? Or can you manage refinancing and restructuring for your clients with your
current workforce?
Visit our Top 50 coverage at accountancyage.com/top50.
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