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Prime Accountants Group sees 100 per cent increase in demand for auditing services

A leading Midlands accountancy firm has experienced a doubling in demand for its auditing services, thanks to a string of new client wins and its expansion into Birmingham.

Prime Accountants Group has seen demand for its auditing services increase by 100 per cent over the past 12 months, with the firm expecting to complete 200 audits in 2022 compared with 100 in 2021.

One of its newest clients to join the auditing roster found the company as a direct result of its 2020 expansion into the West Midlands’ City of Culture, Birmingham.

Morgan Davies, director at Prime and head of the auditing and accounts department said: “With the help we are giving companies undergoing hardship due to the repercussions of Covid-19 and the cost of living crisis, we have experienced exponential growth within many of our departments.

“As a key service offering at Prime, audits provide a cornerstone to financial reporting and give stakeholders greater confidence in the accounts of companies that have audits. Our specialist team are registered auditors with the Institute of Chartered Accountants in England and Wales (ICAEW) and prepare audit reports in line with international auditing standards.”

This year has seen a record number of contracts for the accountancy firm and with the growing demand, Morgan has said the business is looking to support its continued growth with the very best talent.

He added: “As a company, we take pride in the support we can offer other businesses and we have been thrilled to be able to help so many thrive throughout this year.

“At a time of continued uncertainty, it is encouraging to support our client portfolio with the right advice and services they need to tackle the challenges of the now and deliver excellence in their field.”

Prime’s extensive range of auditing services cater for SMEs and other larger businesses, as well as charities, clubs, not-for-profit organisations and solicitors.

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Morgan Davies, director at Prime, has welcomed the doubling demand for audits.

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