Edinburgh-based firm is the only one of its kind in Scotland to make the Managing Partners’ Forum shortlist
Accountancy and business advisory firm Scott-Moncrieff has been shortlisted for two awards at the UK MPF (Managing Partners’ Forum) Awards for Management Excellence 2017 – just 18 months after launching its new five-year business strategy.
The MPF Awards recognise excellence and best practice across the professional services sector, including the accountancy, legal and commercial property professions. Scott-Moncrieff is the only Scottish firm to have achieved a place on the shortlist and is in the running for Best Strategic Leadership and Best Strategy Implementation.
Scott-Moncrieff appointed a new board in 2015, tasked with implementing the new five-year strategy for the firm. Alongside substantial improvements to efficiency, including major IT investments, the strategy also aims to deliver a 50% increase in income.
In the first year of the new strategy, as well as achieving its aims to improve communication and commitment to its people, the firm delivered over 10% increase in turnover, with margins and net profits also significantly improved.
Stewart MacDonald, managing partner of Scott-Moncrieff, said: “The change at Scott-Moncrieff has been extremely positive, and being shortlisted for the MPF Awards just highlights our success in refocusing our business and the determination of the entire firm to make this happen. The step-change in communication, growth and a renewed commitment to our people has already led to tangible improvements in both employee engagement and turnover.
“By mixing commercial objectives with a clear vision of who we want to be, we have created a motivational strategy for the firm which is not only already generating successful results, but also puts us in a strong position for the future.”
The winners of the MPF Awards will be announced at a Gala dinner in London on 8 March.