Double digit growth for audits at Prime

1 Aug 2022

It’s been an excellent 2022 for our auditing team, as a string of new client wins and our expansion into Birmingham has helped us double demand compared with last year.

We’ve seen demand for our auditing services increase by 100 per cent over the past 12 months and we’re expecting to complete 200 audits in 2022, compared with 100 in 2021.

One of our newest clients found us as a direct result of our 2020 expansion into the West Midlands’ City of Culture, Birmingham.

Hardship help

Morgan Davies, director at Prime and head of our auditing and accounts department said: “With the help we are giving companies undergoing hardship due to the repercussions of Covid-19 and the cost of living crisis, we have experienced exponential growth within many of our departments.

“As a key service offering at Prime, audits provide a cornerstone to financial reporting and give stakeholders greater confidence in the accounts of companies that have audits. Our specialist team are registered auditors with the Institute of Chartered Accountants in England and Wales (ICAEW) and prepare audit reports in line with international auditing standards."

Record year

This year has seen a record number of contracts and with the growing demand, Morgan has said the business is looking to support its continued growth with the very best talent.

He added: “As a company, we take pride in the support we can offer other businesses and we have been thrilled to be able to help so many thrive throughout this year.

“At a time of continued uncertainty, it is encouraging to support our client portfolio with the right advice and services they need to tackle the challenges of the now and deliver excellence in their field.”