Stephens Scown has closed its financial year with revenues of £34m – up 10% on last year and continuing a steady four-year compound annual growth rate of 11% over the last four years, highlighting the consistent sustainable upward trajectory the firm has been on.
The last year has been one of investment with a focus on creating the foundations for further strategic growth over the coming years. Recruitment of key roles, investment in upgrading systems and processes and supporting the geographical expansion of its services into Somerset and Dorset will create the springboard to achieving the firm’s five-year strategic plan.
Stephens Scown continues to deliver market leading returns with net profit margin performance being above 35% prior to members’ remuneration. The results reflect continued investment in people, client relationships and experience, and operational efficiency alongside a disciplined approach to growth.
Behind the numbers sits a significant volume of work – over 170,000 hours delivered by the firm’s teams this year supporting clients.
As Stephens Scown moves its attention to the new financial year, Managing Partner Richard Baker gave thanks to colleagues for delivering another record-breaking year, and to clients for their continuing support on the firm’s journey.
Richard added: “My role is to deliver great figures and to create a great place both to work, and to do business. These latest results show that we’re delivering as a firm. We continue to provide outstanding client service across the South West and nationally, making a difference as trusted advisors. It’s thanks to the hard work of colleagues that we’re able to achieve such results and testament to the culture here at Stephens Scown which allows us to attain such success”