One of Worcestershire’s leading chartered accountants has invested £100,000 into moving into new offices in the city centre as part of ambitious expansion plans.
Haines Watts, which supports hundreds of owner-managed businesses across the county, has taken a 2300 sq ft space at Saggar House, giving it increased visibility, profile and access to a network of partners and intermediaries.
The investment will also support the company’s desire to create a workplace that supports greater collaboration, more dedicated client meeting space and, through integration of new technology, agile working.
“The last 12 months have been extremely challenging, but ultimately rewarding in the way our team has come together to deliver critical advice to our Worcestershire clients when they needed it most,” said Tim Pearce, managing partner at Haines Watts in Worcester.
“Partly thanks to the success of the vaccine roll-out, we are now seeing renewed optimism in the business community and we want to ensure that we have the capacity and the knowledge to support owner-managed firms as they look to bounce back and grow.”
He went on to add: “Covid-19 has also accelerated the transformation in the way we work, and we have recognised that our team do not need to be constantly at their desks to operate successfully.
“The move to the city centre and new refurbished offices gave us the perfect opportunity to create an environment and culture that supports people if they want to be in the office, but also enables them to work remotely through flexible hours, so they can meet their family commitments and enjoy a good work/life balance.
“This decision is already paying off in our recruitment drive, with agile working helping us attract some fantastic talent in recent weeks, including the appointment of Emma Gartland as tax manager.”
Haines Watts has six offices in the West Midlands, with Birmingham, Evesham, Hereford, Tamworth and Wolverhampton joining its Worcester operation.
The company has recently set out ambitious expansion plans to increase fees across the region to £15 million by 2026 and this will be achieved through a combination of organic growth and a series of acquisitions.
This will involve the creation of 25 jobs over the next six months as it looks to strengthen its team of experts in corporate finance, tax, VAT and R&D tax claims – all geared towards supporting its commitment to deliver business-critical services to clients looking to make the most of new opportunities post-Covid.
There will also be a stronger focus on greater collaboration across its offices and the creation of regional centres of excellence to support clients in the arts, engineering, healthcare, leisure, professional services and technology.
Tim added: “Our five-year plan to increase our market presence across all of our five offices will focus on organic growth in our key markets, investment in technology to enable us to work smarter and strategic acquisitions that add capacity and complementary knowledge. Importantly they have to fit our culture and how we do business.”
Last year was a milestone year for Haines Watts, as it marked 90 years since its founder Cyril Haines Watts qualified as an accountant and started to secure his first clients.
Ten years later, he set up his first office in a wooden shack and employed his first members of staff, with the acquisitions beginning in 1960 and Top 20 status achieved three decades later, providing owner-managed businesses with a viable alternative to the big 5 accountants.
Today, the company looks after 35,000 business owners nationally, employs 1,000 people and has more than 100 partners.