Infinity Partnership has targeted further growth after a multi-million-pound investment in a new office – more than double the size of its previous location.
The award-winning accountancy and business advisory firm has moved from Albert Street in Aberdeen to a prestigious stand-alone office on nearby Carden Place. The company’s previous office space was 1,644 sq ft, while the new location is 3,845 sq ft.
Infinity, which has won at the British Accountancy Awards for the past three years, has a staff of 17 and is on track to increase turnover from £2.1m to £2.3m for its 2018 financial year-end in May.
The new office has capacity for 40 people, providing the business with the room required to accommodate anticipated growth.
The business has in recent years carved out a niche in research and development tax credit claims, with more than £80m worth of claims made in the past year. It has been 100% successful in claims made using its own processes. In addition, Infinity has recently seen a revival in investment, merger and acquisition activity.
Simon Cowie, managing director of Infinity Partnership, said: “We’re delighted with the Carden Place office, which is finished to an exceptionally high standard.
“The move reflects our confidence in, and commitment to, the Aberdeen market. We know that our offering of a broad range of strategic advice to complement traditional accountancy services is appealing to clients, so it’s important for us to have additional space available to allow us to grow.
“We’ve moved with the times in terms of cloud-based accountancy solutions and offering services and advice to support business continuity. This has led to a client retention rate of 99% and recognition by our peers with national awards.
“It’s a very exciting time for the business and we’re looking forward to the next phase of growth.”
In addition, Simon said Infinity was looking to add ambitious people to the team, particularly in the tax arena, and to augment its growing number of international clients and partnerships.
Established in 2011, Infinity has advised more than 100 start-ups in the past 18 months, supported companies with tax credit claims and assisted clients with financial advice and restructuring in light of the low oil price. In addition, its expertise has been sought by six PLCs (public limited companies).
Simon was named Practitioner of the Year at the 2016 British Accountancy Awards. He was named Scottish Dealmaker of the Year in 2009 and 2014. Since 2011, he has completed more than 50 merger and acquisition deals worth more than £325m.
Infinity Partnership was named a regional winner at the British Accountancy Awards in 2015 and 2017. Greg Houston, Infinity’s client relations manager, has been shortlisted at the British Accountancy Awards three times – twice being highly commended.
The firm offers accountancy services, research and development tax credit solutions, business advisory services, mergers and acquisitions expertise, start-up advice and tax planning among its services.