TaxAssist Accountants retains 21st place in industry rankings

Strong growth rate has outpaced many other firms, according to Karl Sandall, group chief executive director

TaxAssist Accountants’ strong performance has seen the network of small business specialists maintain its 21st place in the highly regarded Accountancy Age industry league table, with a nine per cent increase in fee income - up from £41.5 million to £45.3 million.

Celebrating excellence in accountancy practice, the Accountancy Age Top 50+50 showcases the top accountancy firms in the UK, ranking them according to UK fee income for the last financial year.

Karl Sandall, group chief executive director at the TaxAssist Group, says: “We’re pleased to have retained our position at 21 because of a strong growth rate that has outpaced many other firms.

“I suspect we’ll see some very different results in the sector off the back of this year, but we remain optimistic, having witnessed a gradual recovery since lockdown in terms of new client numbers and sales.

“This is due to the sustained support given to our accountants and their clients and the excellent efforts of everyone throughout the network to keep trading.

“We are continuing to recruit many new franchisees, who can see the value of our brand name and the evolving and comprehensive support we provide.

“Small business clients have needed our assistance like never before to help them survive and thrive and our network of high street shops with their highly visible presence are ideally placed to service this increase in demand.

“I feel confident our adoption of a best-in-class technology suite, combined with our full service offering, including a range of complementary services that both attract and support clients, bodes well for future performance.”

In her analysis, Beth Mason of Accountancy Age stated that the data reveals a “robust performance from UK firms despite the challenging environment”.

She adds: “Over the course of 2021 we may see growth in a number of areas, with sustained investment in technology and additional services as firms recognise the importance of innovation to capture a greater share of the market.”