MGI Wenham Major, the oldest accountancy firm in Birmingham, has become the fastest growing practice in the UK.
Proving that good things come to those that wait - the firm is 140 years old next year - it has jumped into the Accountancy Age league table, an annual barometer of success for the accountancy industry, at No. 43.
MGI Wenham Major's UK fee income has increased to £9.9 million, a 248 per cent rise on the previous period. The firm's tax revenues leapt 292 per cent. It employs 63 people and is run from offices in Cornwall St, Birmingham.
Executive chairman John Joyce undertook a management buy out last November and earlier this year put in place a new management team. The practice is led by chief executive Ammar Azam and chief operating officer, John Edwards.
Mr Joyce said: "Who says traditional and older businesses can't be successful? We have bucked the trend and the only way is up. This is a major achievement and is only just the beginning for Wenham Major. We are continuing to attract business from all sectors and in the next few months we will be making some major announcements that will see us further cement our position as a growing business.
"The secret to success is that we don't employ those individuals who became account-ants to just to crunch numbers, but people who want to be entrepreneurial advisers to businesses and help clients create more value from their businesses."