Wednesday 8th February 2012 12.50am
Post your Events Haines Watts celebrate 25 Years in the North East!
Haines Watts Chartered Accountants North East offices are celebrating reaching the grand age of 25. Haines Watts which has offices in Newcastle and Darlington are delighted to be reaching two birthday milestones this year. The Newcastle office has now been in business for 25 years and the Darlington office for 21 years. You can help Haines Watts celebrate through their celebratory competition.
In 1998 the two offices merged and became one business, which has seen them collectively working with businesses from the Scottish borders right down to Yorkshire.
The company which is over 30 employees strong has seen some huge changes over the past 25 years. Not only financial and political milestones but even Managing Partner, Chris Scott hairstyles!
As Managing Partner at Haines Watts’ North East offices, Chris has over 30 years accountancy experience. He has assisted numerous business owners with their corporate finance transactions and has even helped several clients achieve their dreams by helping them with the successful sale of their business.
With a client turnover topping £500 million, the company is justifiably proud of its achievements. Haines Watts has seen many changes over the past 25 years, back in the 80’s when Haines Watts opened its doors not only did shoulder pads dominate the fashion scene and the mass produced pop of Stock, Aitken and Waterman flooded the charts but also Margaret Thatcher was in power and Britain suffered a severe recession which saw many businesses fail.
In the early 90s the economy experienced a further property crash and subsequent inflationary boom. The economic cycle has come full circle more recently with the financial meltdown making many more businesses victims to insolvency.
25 years ago, can you remember when;
Husbands used to be taxed on wife’s income
Basic rate of income tax was 30%, higher rate (over £40,000) was 60%
Interest rates were 13.5%
Inflation was 9.5%
Average house price was £40,000
Average earnings were £8,900
Petrol was 42.8p/litre!
Beer was £1.40 a pint
So what do Haines Watts have to look forward too?
Having survived the biggest recessions Britain has ever seen and helping businesses through it, Haines Watts is looking forward to even further growth. This has been nurtured by a personal approach where each partner works hands on to develop special relationships, aimed at offering real tangible value and ultimately helping the client’s business and personal wealth flourish. Services include; assistance with Business Start-ups, Corporate Finance, Audit and Assurance, and Taxation & Planning.
Key statistics
Over 25 years, Haines Watts has:
· Helped over 200 companies to start up in business
· Helped over 100 clients to sell their businesses
· Trained approximately 50 students to become qualified accountants
· Raised £15,000 for charity through team fundraising
· Regularly secured 6-figure sums of funding for clients
Reflecting on the past 25 years Chris Scott said “We have amassed a great deal of experience over the years and we continue to do so. Our success has been due to the extensive experience of all of our partners, coupled with a reputable and solid brand. Over the past 25 years we have helped our clients to grow their businesses and we’ve learned an awful lot along the way that we can pass onto both large established and small new businesses.”
To help celebrate Haines Watts’ 25th birthday simply enter their competition by visiting http://www.hwca.com/competition/ and you could win one of a number of sparkling gifts!
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