The professional services advisory firm looks forward to driving more success in the finance industry as it reflects on what it’s achieved over the past ten years.
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2025 is a landmark year for professional services advisory firm Hutcheon Mearns as it celebrates ten years in business, having delivered 3,600 projects to 500 clients.
Plans are well underway for summer celebrations with its valued staff and clients. The company is also planning ten charity events to give back to local communities.
At the same time, Hutcheon Mearns continues to aim high on its tenth year, with a revenue target of £10million in 2025 and ambitions to grow its number of employees by 10.
It’s also planning to roll out a new website with refreshed branding by the middle of this year.
An evolving business model
According to founder and managing director Craig Hutcheon, Hutcheon Mearns is redefining its business model by building on its accountancy solutions across three pillars: People, Deals and Digital.
Craig explained: “Our People pillar consists of interims called specialists who would go and support businesses. We also have our recruitment division led by a qualified accountant and our outsourcing side where businesses give us all of their accounting requirements.
“In the Deals space, we do corporate finance, transaction due diligence, business planning support and a lot of different strategic corporate finance activities too. We’ve got one of the biggest deals teams now outside the Big Four accountancy firms in Scotland. We’re competing on that stage.
“Our new Digital division is a high growth area for us in the future. We’re going to provide business intelligence solutions like data automation so that businesses can analyse their data far quicker.”
Growing despite the odds
Hutcheon Mearns has indeed come a long way since it was established ten years ago. Craig, who has years of experience working at companies like KPMG and SCF Partners-backed Reservoir Group, was serious about filling a need in the finance sector.
He said: “What I wanted to do was create a business that gave different options when it came to resource problems, focusing on my expertise in the finance and accounting space.”
A pivotal moment came when Adam Maitland joined the company to lead the deals division. Adam had previously worked with Craig at Reservoir Group where they worked on 30 acquisitions.
In 2020, the coronavirus pandemic held back the firm’s expansion plans. But it was ready to go as soon as restrictions were eased.
Craig shared: “We’re of the mindset that where there’s an issue in a market, a recession or a downturn, there’s always opportunity. If you focus on the positives, you hold steady to your word. You will come out stronger. That’s what we did.”
Now, Hutcheon Mearns has a total of 70 employees across four offices in Aberdeen, Dundee, Edinburgh and Glasgow, with plans to open more down south or even outside the UK.
Keys to success
For Craig, a key to Hutcheon Mearns’ success is the team they’ve built over the years.
He said: “We employ exceptional people and ensure they have the opportunities to grow themselves with us. A great example of this is Claire Clark who joined us on five hours a week when she was returning to work. She’s now on our board and has been a key driver behind the growth in our business.
“We progressively hire high-calibre individuals. That means our clients are getting the best solutions from the best people.”
Hutcheon Mearns is poised to continue its trajectory of success with its excellent team, its steadfast commitment to its clients and a clear vision for its future.
Craig said: “As a business, we’re agile; we react to change quite quickly.
“We are collaborative, so we spend a lot of time with our clients, working with them on solutions.
“We’re an innovative company. We like to create solutions that are different to traditional accountancy firms. We want to be constantly challenging convention in our approach.”
Find out how Hutcheon Mearns can support your growth journey. Visit Hutcheon Mearns’ website.
Read more: How much should you earn as a finance professional?
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