Partner Article

Management buyout at Consett accountancy firm

An accountancy firm is hoping to double its turnover within the next five years after a management buyout.

Harlands appointed the new board after its founder Ian Harland retired. The new restructure means a team of six partners will now lead the company.

Two new divisions have also been created, Harlands Accountants LLP and Harlands Financial LLP. It is now hoped that the business will be well equipped with the ability, focus and drive to respond and adapt to changes within the accountancy sector.

One of the recently appointed directors, Glyn Davison has worked at Harlands since 1992. He said: “We had been aware of Ian’s retirement for some time so wanted to ensure a smooth transition that would maintain the values of Harlands.

“From day one, this business has been about adding wealth and value to its clients whether they are individuals investing for their future or established businesses with multi-million pound turnovers. We have Ian to thank for that culture and we are extremely grateful for the effort and support he has provided for everyone over the years.”

Harlands already employ 27 staff at its offices in Consett and Newcastle, and handles around £100 million of client investment money. The firm now aims to double its turnover with the next five years by investing in new technology and working practices.

Mr Davison added: “We have always been an accountancy firm that adds value for all its clients and that is even more pertinent now with the changing face of the industry.

“People expect that now from financial services and it is something that the industry has to adapt to.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .