A COMPANY made up of independent chartered accountants and business advisors is scaling up to meet ambitious growth plans.

Murray and Lamb, who have historically traded from Medomsley Road, Consett, has recently moved to a new site at nearby Hownsgill Industrial Estate.

As well as more space, the new office also comes with the added bonus of ample free car parking facilities for both staff and clients.

Having recently acquired an accountancy practice, Watson Associates, based on Team Valley Trading Estate, the expanding practice are about to acquire a further business at the end of October, which will firmly put the company on track to achieving its 5 year growth plan. Murray and Lamb will see turnover increase from £1m to £2.5m by the end of year 5 in 2024.

Established in 1998, founding partners, Stephen Murray and Stephen Lamb, recently appointed Daniel Stephenson as a director and shareholder to support their five year growth plan.

Justine Fife has been promoted to head of operations, and recruited senior accountants, Julie Stephenson and Kath Pearce, both formerly Baldwins Accountants.

The firm’s recent recruitment has seen staff numbers increase to 50, providing clients with core business functions including accounting services, payroll and taxation services.

It also has specialist services such as management accounts, cash flows and budgeting and business advisory services which have been a huge help to their existing client base during these uncertain and challenging times.

Stephen Murray, founding partner said: “Our five year plan is to grow the practice with a combination of acquisition, business development and organic growth, while at the same time continuing our main goal which is to provide high levels of client service.

“We have recently acquired Watson Associates as well as moving our Consett office into larger premises.

“The new senior appointments will enable the directors to concentrate on delivering the strategic plan.

“We are delighted to welcome Julie and Kath who are instrumental to our new Agriculture and Farming department. With over thirty years of experience , they specialise in all aspects of accountancy services and financial planning for both agricultural and non agricultural businesses.”