Old Mill has paid its staff bonuses totalling £600,000 after reporting growth of 14.2 per cent in the first six months of 2014.
Simon Cole, board member of Old Mill, an accountant, financial planner and tax planner based in the West Country, said the firm had achieved a total income of £16.2m during that time.
According to latest reports its turnover has grown 10 per cent a year since 2007.
The company employs 270 people and has offices in Dorchester, Exeter, Yeovil, Wells and Melksham, and gives advice to more than 3000 local businesses across the region.
Mr Cole said: “Our service offers expert help and advice in accountancy, tax planning and financial planning which combined allows us to provide our clients meaningful help to both meeting their business and personal aspirations.
“Old Mill has sought to share its success with staff and this year was no exception, so £600,000 was paid out in bonuses.
“In return for their hard work, staff received an average around 10 per cent of their salary.”
“Staff development has always been important to us as a business to ensure our staff are equipped with the necessary skills and knowledge to look after our clients. So many of them have obtained professional qualfications over the past year, with several winning exam prizes in the process.”
Background
Newcastle-based True Potential has seen its pre-tax profits rise by 104 per cent, delivering £4.9m in pre-tax profit for the financial firm, compared with the first half of 2013. It had also increased its turnover from £11.1m in 2013 ro £20.8m in 2014, an 87 per cent rise year-on-year.
Neil Johnson, senior partner at True Potential, said the strong results could be attributed to the firm’s focus on providing technology that makes saving and investing simple and effective for clients.
