Accountancy Practices

There are a number of different sizes of accounting practice as follows;

• Large practice (Nationwide with in excess of 50 partners)
• Medium practice (Local with more than 4 partners)
• Small practice (Local with 1 to 4 partners)
• Service providers (Local non qualified sole trading accountants)

There are of course advantages and disadvantages to each.

Cost: Large and medium practices are relatively expensive.Indeed the large practices will refer business to smaller practices as they aim primarily at quoted and large private organisations. Medium sized local practices are in competition but due to overheads they struggle to compete on price.

Experience: Medium practices have subject matter experts and industry specialisation to draw on. We plan to access such advice and guidance from outside the practice and build and develop the knowledge over time. In the key areas of acting as a Finance Director to a commercial organisation no local practice can have more experience than us. We believe this will gain market share and particularly due to the competitive price that can be charged.

Availability: Only the service providers and some of the small practices can truly be available at short notice due to the other commitments placed on partners of medium sized businesses. Our practice commits that the partners will be available at short notice as we believe this is a key requirement of business leaders.