Trainees make up a fifth of the finance firm Johnston Carmichael’s workforce in Perth after a successful drive to attract school leavers into the business.
The Aberdeen-headquartered firm, which is Scotland’s largest independent business advisory and accountancy company, expanded its Perth team as the group’s turnover increased by 4% last year.
The firm’s Tay Street operation grew to 33 staff and partners and secured “significant” fee growth.
It has invested heavily in the next generation of talent with a programme attracting school leavers into the business.
Steven Menzies, who became managing partner of the firm’s Perth team in June last year, said: “After implementing our JC Futures programme to attract school leavers into the business, we now have six young people in Perth training for further qualifications including to become chartered accountants.
“Our trainees account for a fifth of our team.
“I have been really impressed by their commitment, enthusiasm and energy, and I am proud of the investment we have made in learning and development.”
The firm was founded over 80 years ago and has just under 750 staff and partners across 11 locations, including an office in Forfar’s Academy Street.
In the financial year to May 31, the group’s revenues grew from £43.7m to £45.5m, with net profit before members’ remuneration dipping from £12.2m to £11.8m.
Chief executive Sandy Manson said the company’s focus on attracting and developing talent had enabled it to grow its market-leading services and pursue new client opportunities.
He said: “We’re encouraged that the firm continues to perform well despite challenges in the marketplace following the downturn in the oil and gas industry.
“Our diversity in sectors, business lines and geographical locations has enabled us to trade robustly and to continue investing in all parts of our business with confidence.
“In the year ahead, we will continue to build an ever-stronger platform from which to grow our business in a sustainable way.
“Despite the challenges of Brexit, market volatility and investment requirements, we remain very positive and excited about the prospects for our people and the business.
“Our ambition remains firmly focused on growing our existing position of being Scotland’s largest independent firm and we will do that by continuing to provide outstanding service to our clients through a motivated and talented team of professionals.”
Johnston Carmichael Wealth, the firm’s wealth advisory business, achieved a 7% increase in turnover, with revenues growing from £4.35m to £4.67m.
business@thecourier.co.uk
