AFTER deciding to focus on growth and investment during the recession, accountants Bishop Fleming have reaped the benefits with a series of awards and a doubling of employee numbers in the last decade.
In 2008, the Exeter-based firm decided that instead of cutting costs it would invest in the business to be in a position to grow when the economy recovered.
"We didn't want to make the same mistakes of the last recession when we focused on finance and watched our costs," said chairman Jerry O'Sullivan. "We committed to growth and investment."
Since then the firm has made two acquisitions and has notched up a variety of plaudits, including being ranked as the fastest growing full service firm in Accountancy Age's league table of the UK's Top 50 accountants, after fee income rose 23 per cent to £16.3m.
"You can see in the last 12 months that there have been a lot of positives to have come out of what we have tried to do," said Jerry. "It has worked for us."
Looking forward, he said Bishop Fleming's strategy remains focused on growth and acquisition, as well as embracing the opportunities of new technology.