Turnover for the group totalled £13m for the 2016/17 financial year, rising to £15m this year, and is projected to increase a further 13% next year to £17m.

The firm also say staff numbers have increased to almost 200, with staff operating from six offices across the region.

James Bagley, managing partner of Smith Cooper, said: ‘In recent years we have expanded our service offering through diversification to accommodate the demand for more specialist services in the business world. To ensure our business performance continues an upwards trajectory, we focus on our staff, and their development as professionals.

‘We firmly believe our success is down to the investment in our specialist teams across all levels and disciplines of the organisation. Our specialist teams work alongside colleagues in other areas, utilising their expertise and ensuring the most proficient experts are allocated to guarantee the best solution.’

The Smith Cooper group includes Infuse Technology – a managed IT support provider and Microsoft partner, Infuse Security - cyber security advisers, Smith Cooper System Partners and Smith Cooper Independent Financial Solutions.

Bagley said: ‘We pride ourselves on offering owner managed businesses unparalleled advice no matter where in the business lifecycle they may be, and going forwards, we intend to develop our specialist teams further to ensure our clients continue to receive industry leading compliance and advisory services.’

Earlier this month, Smith Cooper’s chairman Andy Delve announced his retirement after 33 years at the firm.

Report by Rob Munro