CHARTERED accountancy firm Campbell Dallas put in a solid performance in the year to the end of May, growing turnover and partner profits by 18 per cent.

Turnover for the year was £14 million, up from £11.9m the year before, while profit before members remuneration and profit shares was £4m, up from £3.4m.

Managing partner Chris Horne said the growth was in line with expectations and enabled the firm to make a number of investments.

Specifically, the firm invested nearly £2m in its IT systems, offices and staff development, £500,000 of which was allocated to an apprenticeship programme.

“We have continued to invest strongly to maintain a high-quality working environment for our colleagues, who continue to deliver outstanding service to our clients,” Mr Horne said.

“We have four guiding principles for managing the business – happy staff, quality advice and service, happy clients and financial strength.

“These core principles underpin, and are driving our strong financial and business performance.”

While he pointed out that over 80 per cent of the firm’s growth has been organic, Mr Horne noted that Campbell Dallas is also keen to grow by acquisition.

Around £1m of the 2016/17 turnover came from the firm’s October 2016 acquisition of Kilmarnock firm W White & Co, which also increased staff numbers by 14.

The firm expects turnover to be further boosted in the current financial year after it bolstered its Perth presence with the acquisition of local firm Bell & Company.

The deal, which was announced in June, resulted in 20 staff members and one partner move across to Campbell Dallas, with the firm saying at the time of the announcement that its turnover would be boosted by around £1m as a result.

Bell & Company, which was founded in 1945, specialised in advising owner-managed businesses and private clients.

“The acquisitions should make a very positive impact next year,” Mr Horne said.