Target Chartered Accountants has become the fastest growing of all the UK top 50 accountancy firms by achieving a remarkable 49.5 per cent increase in fee income in the year ending March 2008.

 

Target Chartered Accountants has become the fastest growing of all the UK top 50 accountancy firms by achieving a remarkable 49.5 per cent increase in fee income in the year ending March 2008.

 

Target has leapt up 14 places to be ranked as number 33 in this year’s top 50 league, compiled by industry magazine Accountancy Age. The firm was also featured on the magazine’s front page, highlighting the way in which it had bucked the trend at a time when many other firms were reporting slowing revenues. The average growth amongst the top 50 firms was 5.7 per cent.

 

Target achieved fee income of £15.1 million during the year, up from £10.1 million in the previous 12 months. It also increased it director appointments to 12 from 7.

 

Group managing director Keith Seeley said the firm had grown partly through acquisition – Target acquired City of London firm Winters in July 2007 – however, its success was largely due to its ability to provide value-added services.

He said: “We have a lot of expertise within the firm and are equipped to offer specialist services such as corporate finance, tax consultancy, financial services and advice for private clients including many high net worth individuals. 

“We pride ourselves on not being just number crunchers but advisers who can make a valuable contribution to a business. We are an entrepreneurial firm ourselves so we understand the needs of others and aim to provide value-driven business solutions. If there is a commercial advantage to be gained for our clients, we will help to find it.”

ENDS

Notes to Editors

Target is a ‘top 50’ firm of chartered accountants specialising in owner managed businesses and people who want to maintain and increase their wealth.  The firm has offices in the South West, Thames Valley and Midlands.   Target believe that an integrated approach means better client service, encompassing audit and accounts, tax reduction, personal financial planning and corporate transactions.

 

Specialist teams are in place to handle the different needs of large companies, small businesses and private clients.  Target is particularly effective in advising shareholding directors who want to realise maximum value from their business.  The firm has led and supported numerous corporate transactions ranging in value from £500,000 to £75 million.

 

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