PM+M sees turnover rise to hit record £10 million

05 June 2024 Consultancy.uk 2 min. read
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Professional services firm PM+M has announced double-digit turnover growth for its latest financial year. The firm also saw its headcount grow by more than 30 over the course of the same 12 months.

Founded in 1919, PM+M is one of the North West's oldest accounting, business advisory and financial planning firms. In the more than 100 years since its launch, the firm’s specialists have provided advice to both businesses and individuals covering all areas of audit, accounting and advisory, cloud accounting, corporate finance, financial planning, tax and payroll.

With offices in Blackburn and Bury, the firm has been expanding quickly over the last year. PM+M added 37 new appointments to its team, taking its total headcount to 164. Of those, 29 were in newly created roles, since April 2023 last year, including 10 apprentices who joined in September. People development has also remained a central pillar of the business with a 25% jump in its dedicated training budget.

PM+M sees turnover rise to hit record £10 million

This, in response to growing demand across the North West. Consolidated turnover increased by 15% to £10.75 million in PM+M’s last financial year which ended in March – and according to Managing Partner Helen Clayton, the firm is keen to build on this momentum by further strengthening the team.

Clayton commented, “PM+M’s success is simply down to the talents of our people – they are what stand us apart. We all share the same core aims of cultivating strong, collaborative relationships with our clients and other professionals, all the while working together towards mutual success and growth. We also know that innovation is key, so we are constantly evolving the way we deliver our services by staying adaptable, being relevant and making bold decisions when necessary. We are investing heavily in our infrastructure and technology this year and we are excited for what this will enable.”

Clayton herself is a new arrival, having been appointed as PM+M’s new managing partner in the last year, after the retirement of Jane Parry – who had helmed the company for over eight years.

At the same time, a number of other notable achievements for the firm have seen it enjoy a boom in business. These included leading on a raft of high-profile deals that were handled by the corporate finance team; winning retained contracts with several major North West companies; and retaining Investors in People Gold Accreditation. There have also been two waves of promotions across the whole group at all levels.