Practice Insight: iMultiply engages with Scott-Moncrieff

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Scott-Moncrieff is one of Scotland’s leading independent firms of chartered accountants and business advisers. Established in 1792, the firm’s expertise encompasses financial assurance, risk management, improving performance, taxation and wealth management. Advising high calibre clients, working across all sectors in Scotland and beyond and offering expert business insights are at the heart of daily operations.

Keith Porterfield, Business Advisory Group Client Manager and Gareth Spowart, iMultiply Consultant discuss the daily business of Keith’s team, the variety and scope of client work and the work life balance which is integral to the firm’s welcoming culture:

 

1. What does the Scott Moncrieff Business Advisory Group do?

Lots!  In one of the ‘big four’ firms, we would be called the Owner Managed Business Group. Our day to day work is the preparation of accounts for limited companies, LLPs, partnerships, sole traders and charities. We also do bookkeeping, VAT returns, management accounts, performance reporting and company secretarial work.

That’s the core work, but a common theme with a lot of our clients is that they will have no in-house financial controller, so we’re often the first port of call on anything financial. We also work closely with our other teams (VAT, Tax, Audit, Business Technology, Corporate Finance), so there’s nothing we don’t get involved in!

 

2. What type of clients do you work with?

We work for all types of clients, in all sectors. From small hairdressers or shops with a turnover of £100,000 to large financial services groups with a turnover of millions, and everything in-between. Off the top of my head, I can think of musicians, chartered surveyors, IT companies, farms and estates, lawyers, doctors, dentists, advocates, hotels…..

 

3. What would a new join expect to be doing?

Mostly the preparation of accounts, the preparation of management accounts, VAT returns and depending on the exact role, bookkeeping.

We work closely as a team, so a new starter would also be helping the client managers with carrying out their role; which would include helping with fees, running the staff planning board, training junior members of the team, training clients, advising clients in general and (most importantly) organising our social events!

 

4. What is the team like?

Friendly. Social. Close knit. In Edinburgh, we have a team of about twenty made up of partners, managers, seniors and assistants. We take up one floor of our open plan offices.

We work hard, and there are times when we have a lot of deadlines, but we have a healthy work life balance ethos. We have flexible working hours, so you can come in early and leave early if you like and you can also buy an additional two weeks holiday each year.

There are regular team nights out (bowling, ghost tours, meals, drinks) and the firm has a social committee who organise monthly events where you can get to know the other teams.

 

5. How important is career progression to the firm?    

Providing the opportunity for career progression is extremely important to the firm. If you perform well, take ownership of your work, contribute ideas to the team and show that you have ability and a positive attitude then you would definitely be in a position to progress if you want to.

We provide study support and operate a mentoring system where you can access additional support from more senior members of the team to help you to develop. In fact, all of our current client managers in the Edinburgh team started out as assistants or seniors.

If you are interested in joining the Scott-Moncrieff team, please contact Gareth Spowart, iMultiply Consultant: garethspowart@imultiplyresourcing.com; 0131 603 7745.