Member of the Week - Scott-Moncrieff
Scott-Moncrieff is one of Scotland’s leading firms of chartered accountants and business advisers providing Accounting, Business Advisory, VAT and Tax Investigation Services in Scotland. Scott-Moncrieff became one of the largest Scottish accountancy firms when it joined forces with Campbell Dallas and the combined business now employs over 550 staff and 54 partners, operating from 11 offices in 8 locations across Scotland in Aberdeen, Ayr, Edinburgh, Glasgow, Inverness, Kilmarnock, Perth and Stirling. Scott-Moncrieff have a wide range of clients; ranging from individuals, family businesses and large corporates across the breadth of Scotland from all industry sectors.
In the UK, as part of CogitalGroup, Scott Moncrieff work with colleagues in Baldwins, Blick Rothenberg and Wilkins Kennedy in England and Wales, providing scale and growth in the business. CogitalGroup aims to be a leading, technology driven, international business services group.
The Inverness office joined Scott-Moncrieff in 2015 when the local firm Callander Colgan merged with Scott-Moncrieff. In Inverness they have 18 staff and are focussed on providing an entirely local personalised service with direct client contact from the Inverness team. As part of CogitalGroup, Scott-Moncrieff are now able to offer some exceptional additional services that were not available previously. They now enjoy the additional benefits of being part of an extensive national business offering many service lines within most sectors.
Inverness Chamber of Commerce spoke with Mhairi Callander, the partner in charge of the Inverness office of Scott-Moncrieff. About her previous experience and role at Scott-Moncrieff, Mhairi said: “I moved to the Highlands in 2006 and have worked in Practice throughout that period. I set up Callander Colgan with Brian Colgan in 2008 when we performed a management buyout from Tenon and I have led the local office through the subsequent changes since then. I work primarily in the SME market working with a wide range of clients, from small sole traders to large corporates. The office assists all types of client, including those within property and construction, hotel and leisure, brewing and distilling, and healthcare to name but a few!
“Throughout my role, I thoroughly enjoy dealing with clients, understanding their needs and delivering the best possible service in order to assist them to achieve their goals. Our move to be part of the CogitalGroup give us even more opportunity to be able to assist clients, whatever their requirements.
“As head of the office an important part of my job is to ensure that the team are as happy and fulfilled as they can be. Happy staff is central to the ethos of the business and essential to allow us to provide the high-quality advice that clients deserve. We have a great team in Inverness and they all have the opportunity to progress in the coming years.”
Mhairi told ICC why she would like Scott-Moncrieff to feature as member of the week: “I see the move to CogitalGroup as huge opportunity for both Scott -Moncrieff nationally as well as locally in the Inverness office. I wanted to highlight the recent changes in the Inverness office to the wider business community.”
Scott-Moncrieff provide the following services:
Audit and assurance
Tax and VAT
Business Technology Consulting
Restructuring and Insolvency
CogitalGroup has a big focus on technology and the move to digitalisation generally within the world of accountancy means that Scott-Moncrieff are well positioned to be able to assist client with cloud accounting, ongoing “making tax digital” support and generally being proactive in the sector rather than reactive.
In addition to the standard services such as financial modelling, due diligence and lead advisory, Scott-Moncrieff’s Corporate Finance team provides bespoke strategic advice. This Partner-led advice to shareholders and their boards aims to develop a strategic plan to maximise shareholder value through growth, towards future exit, or simply to ensure goal alignment between shareholders and their boards. Typically, they lead and facilitate a strategy session with shareholders and their board, with the outputs being an agreed strategic plan to guide key decision making and in daily business operations.
At the beginning of January, Scott-Moncrieff launched a new service to develop the reach of the customs duty, excise duty and international trade advisory service line across its group. This service will be of interest to businesses and individuals who are involved in the physical movement of goods across borders, both within the European Union and the rest of the world.
Whether businesses import or export goods (or do both) they will be faced with fundamental changes to the way they do business from a customs perspective after 31st December 2020.
Once the UK’s future trading relationship with the EU has been established (and our trade arrangements with other key partners) it is inevitable that this will result in further change, including the likely increase in the administrative burden placed on businesses moving goods across borders. For some businesses these changes may also impact their duty exposure, potentially putting pressure on their cash-flow reserves and affecting their overall business resilience.
Customs advice is not business sector or commodity specific, it cuts across a range of activities including manufacturing, engineering, logistics, warehousing, brewers, distillers, agriculture, fishery, food, pharmaceutical, oil and the motor sectors.
Mhairi shared Scott-Moncrieff’s business plans over the next 12 months: “We want to grow the business both locally and nationally, providing the highest quality service to clients.”
Campbell Dallas is Scotland’s triple award-winning Accountancy Firm of the Year and award holders of Corporate Finance Team of the Year, Restructuring Team of the Year and Training Team of the Year.
We asked Mhairi what Scott-Moncrieff values most about its chamber membership: “Excellent opportunity to network with fellow professionals at the regular events the Chamber holds and the newsletters keep us abreast of what is happening in businesses locally in the Highlands.”
Mhairi’s top-tip for maximising your chamber membership would be: “Attend the networking events, get to know your fellow members and keep in touch.”