An award-winning Stornoway accountancy firm run by an entrepreneurial husband and wife team has expanded creating several new jobs with the opening of its new office in Glasgow, at Trinity House, 31 Lynedoch Street, Glasgow.
Sue and Angus Nicolson started up Nicolson Accountancy in 2004 and the couple launched the fledgling firm from a small office, bringing several existing clients with them.
Within 18 months of opening, the fledgling firm outgrew its office and moved to its current premises on Bayhead Street where they are currently achieving about 40 per cent growth each year.
The firm now specialises in a niche sector. It handles the complex Norwegian tax system for clients who do business in that country. As one of the few companies in the UK providing such services, Nicolson Accountancy has won new business from clients both in the UK and overseas.
To meet the increased demand and establish a presence on the mainland, the couple have now decided to expand to Glasgow, creating four new jobs. With a six-figure package of assistance from the Bank of Scotland, they have now secured all the funding and the office at the prestigious former Free Church college, close to Park Circus, is open for business.
The firm’s success was recognised at the recent Scottish Accountancy Awards where it scooped the Best Small Firm in Scotland award.
Sue said: “Over the past few years we have seen a dramatic growth in our business. We have progressed from being a small start-up to a well-established practice with a strong and continually expanding client base.”
“Our expertise in the Norwegian tax system and the strong business community it involves means we have secured clients through recommendation from all over the UK, Europe and America. This, in addition to our regular accountancy services, means we are a really diverse practice with a lot of options for our customers.”
Nicolson has already recruited one new accountant and one member of the Stornoway staff has already transferred to Glasgow.”
Angus said they need extra capacity to deal with the growth of the business but had been unable to find suitable premises in Stornoway. Having a Glasgow office solved both physical capacity and skilled staffing issues.
“We are growing from our base in the islands. Stornoway will still be our main office but obviously we are not abandoning the Western Isles. Stornoway will still be our main office but obviously I expect I’ll be doing a lot more travelling – and not just to Uist and Barra,” he said. “Our clients will always be welcome to call in at any time, and they will get the same welcome as they have in Stornoway.”
Graeme Campbell, relationship manager at Bank of Scotland which provided the expansion funding, said: “Expanding to new locations is a great way to increase a business’s profile and secure new clients. Nicolson Accountancy will really benefit from establishing a presence on the mainland and the creation of new jobs in Glasgow is a really positive sign.”
The new office can be reached at 0141 237 3878.