Scotland business

Accountancy firm Johnston Carmichael posts revenue rise

Sandy Manson Image copyright Johnston Carmichael
Image caption Chief executive Sandy Manson pointed to wealth and pensions management as a growth area

Accountancy firm Johnston Carmichael has reported an 8% rise in full-year revenue to £39.6m.

Net profits also rose from £10.75m to £11m in the year to May, before distribution to partners.

The firm is Scotland's largest independent firm of accountants and business advisers, with 650 employees in 11 offices across Scotland.

Chief executive Sandy Manson pointed to wealth and pensions management as a growth area. It was up by 9%.

Sectors in which the firm has expanded include food and drink, technology and professional services.

Mr Manson reported that Johnston Carmichael had invested in data analytics and boosted its training budget.

In the past year, it formed a strategic partnership with the Scottish Building Federation and with two technology incubators for start-up firms.

It also advised on the setting up of trade bodies for craft brewers and craft distillers.

Mr Manson said: "We take a long-term view of our business and we will continue to invest in all those key areas which will enable our firm to grow its capability and reputation right across Scotland".

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