Dains celebrate re-elections

 

Dains today announced that its Chief Executive, Spencer Wright, has been re-elected by the firm’s Partners to run for a third term.

After joining the firm in 2004 as Head of Corporate Finance, Spencer was elected Chief Executive in 2007 when fee income was £4m. Since taking the helm, he has led the firm through a consistent period of growth and expansion and the firm is expected to break through the £10m barrier this year. In the last year alone the firm has won new recurring clients to the value of over £500,000, which contributed to an overall 22% increase in turnover and a 41% increase in net profit.

In recent years, the firm has also acquired the accountancy business of RSM Tenon Group in Stoke on Trent, risen up the ranks of the ‘Accountancy Age 50 + 50’ Firms’ survey of top UK accountancy firms, and has been accredited with the accolade of ‘Mid-Tier Firm of the Year’ at last year’s British Accountancy Awards.

Spencer Wright comments: “I am extremely proud to be elected Chief Executive once again of such a great business and take it as a real vote of confidence from the Partnership. Our success is the result of sheer hard work by the Executive Board and collaboration by all of our dedicated Partners and staff across the business, and by sticking to our core focus on our clients and steadfastly pursuing our clear strategic vision first laid out in 2007. It has been a fulfilling journey thus far, and I greatly look forward to the challenges and the opportunities that the next 3 years represent to the firm as we continue on our exciting growth trajectory.”

In addition, Martin Smith has also been re-elected as Senior Partner for a second term. Martin has been with Dains for 19 years, 17 of which have been as Partner and Head of the Business Recovery and Insolvency department. Martin comments: “The role of Senior Partner evolves all of the time as we constantly move forward - but some things must not change: maintaining the integrity of the firm, the culture and our values - one of my biggest challenges is to lead change whilst preserving what is good about Dains.”