Member Article

Newcastle accountants announce rapid first year growth

Newcastle-based medical accountants, BW Medical Accountants Limited, have announced above expectations first year trading results and growth, having tripled expectations by winning over 65 GP practices as clients.

Launched in July 2013, the sister company to independent financial advisers Blackett Walker Limited, focuses on advising medical practitioners and GP practices across the country.

BW have also expanded from a team of 2 to now having a team of 15 permanent staff with clients across the North East, Cumbria, Leicester, Humberside and Lincolnshire.

Moreover, the company have purchased 5,000 sq ft head office in Gosforth, Newcastle, to meet growth and continue to build a sustainably.

The business, under the stewardship of Keith Taylor and Peter Waller, now has a client portfolio reaching over 400, including doctors, consultants, dentists, retired practitioners and personal tax clients.

Managing director, Keith Taylor, said: “When we launched the business it was just Peter and I with the backing of the Blackett Walker board of directors.

“Our business model anticipated 25 GP practices by the end of the first year but we managed that in a few weeks and fortunately we have been able to recruit individuals with a proven track record in the medical accountancy sector to service the growth, something I think is vital for our continued success.”

“All we need is to bring 10 more practices on board and we will have moved through a critical mass figure that will mean we become self-sustaining with the current complement of staff.

“A sound base for further expansion particularly when you consider we’ve got to this stage without any external borrowing.

“I have always believed as a manager 50 per cent of your time should be comprised of man managing your team it is something I have done for many years, I really enjoy seeing talent get fulfilled.”

“We don’t compromise on quality so have invested in the best people who have proven track records in medical finance and arguably have the best technical team in the country.”