Halden & Rowe — independent accountants since 1998 01632 960 118 · hello@haldenrowe.example.com
Halden & Rowe Accountants & Business Advisers

About the practice

A firm that has stayed deliberately small

Halden & Rowe has looked after owner-managed businesses from the same building in Norbridge since 1998. Fourteen people, around four hundred clients, and a way of working that has changed a good deal less than the technology around it.

This page sets out where the practice came from, how it is organised, who does what, and the handful of principles we have refused to trade away. If you would rather see the services and the fee ranges, those are on the main page.

1998Year the practice was founded
410Businesses and individuals on the client list
14People across accounts, tax and payroll
9 yrsAverage length of a client relationship

Origins

How the practice came about

Margaret Halden and David Rowe had both spent their early careers in larger firms, and had both come to the same conclusion about the way small companies were treated there. Owner-managed clients were the work handed to the least experienced person in the department. They were quoted on the hour, which meant they stopped ringing. They were spoken to once a year, usually to be told what they owed and when. And the accounts, when they finally arrived, were formatted for a filing requirement rather than for the person who had spent the year running the business.

Margaret left in 1998 and took a lease on two rooms above a stationer's shop on Cranmer Street. Fourteen clients came with her, all of whom had asked to. The first year's accounts were prepared on a desktop computer and a good deal of squared paper, and the first payroll was run for a firm of shopfitters with nine employees who are, at the time of writing, still a client.

David joined as a partner in 2001, bringing the accounts preparation side of the practice with him. The two of them agreed a division of responsibility in a conversation that took about twenty minutes and has never needed revisiting: Margaret leads on tax and on client relationships, David leads on accounts preparation and on the technical standard of the work that leaves the office.

The practice moved to Marchbank House in 2007, took on its first trainee the following year, and has grown at roughly one person every eighteen months since. That is slower than it could have grown. It is deliberate. Every time we have taken on more work than we could comfortably do, the quality has suffered in a way clients noticed and we did not enjoy explaining.

None of that is remarkable. It is simply what a small professional firm looks like when nobody has tried to sell it, merge it or turn it into something else.

How we are organised

Five teams and no departments

Fourteen people is too few for a real hierarchy and just enough to specialise. The practice divides into five working groups, all of them on the same floor, all of them within earshot of one another.

Team

Tax

Three people, led by Margaret Halden, covering business tax computations, personal returns for directors and partners, and the correspondence that goes with both. The team also handles reviews and enquiries raised by the tax authority on behalf of clients.

Our approach to tax is mainstream and, we hope, unexciting. We are interested in the reliefs and allowances that plainly apply to an ordinary trading business, in claiming them properly and on time, and in keeping records that would survive being looked at. We are not interested in arrangements that only work if nobody examines them.

Team

Bookkeeping

Four people under Sarah Okonjo, running the ledger in full for clients on the Managed package and reviewing the work of clients' own staff for everybody else. This is the least glamorous team in the practice and the one that prevents the most trouble.

Much of their time goes on the first six months of a new relationship, getting a set of records from whatever state it arrived in to a state where the control accounts agree and the bank has been reconciled to the penny. After that the work becomes routine, which is the entire objective.

Team

The partners

Margaret and David between them look after around a hundred and twenty clients directly and review a good deal of the rest. Neither of them has an office with a closed door, and both of them still prepare work rather than only signing it.

There is no management layer above them and no group above that. Decisions about how the practice is run are made by two people who will personally have to live with the consequences, which we think shows in the answers clients get.

Short biographies of the people who hold client relationships are on the main page. If you become a client you will meet your manager and your deputy before any work starts, not afterwards.

What we hold to

Six things we have not changed

Every firm publishes values. These are ours, written as commitments rather than adjectives, so that you can tell when we have failed to keep one.

  1. The fee is fixed and quoted before the work

    We stopped charging by the hour in 2006 and have never seriously considered going back. Hourly billing makes clients ration their questions, and a practice whose whole value lies in being asked questions cannot sensibly meter the telephone. Anything outside the agreed scope is quoted before it starts, or at worst capped.

  2. You always know who is doing your work

    A named manager who prepares or reviews your file personally, and a named deputy who has read it. No queue, no ticketing system, no general enquiries inbox that routes to whoever is free. When a manager leaves we introduce the replacement in person before the handover.

  3. Nothing is filed until you have read it

    Draft accounts, tax computations and returns go to you first, with a covering schedule of the points we would like to discuss. We wait. If a deadline is approaching we will chase you about it, but we will not submit something bearing your name that you have not seen.

  4. Bad news travels fast in this direction

    If we find a problem — a reconciliation that will not reconcile, a liability larger than expected, an error of our own — you hear about it within a day of us understanding it, in writing, with an assessment of how serious it is and what the options are. Delay never makes any of these things smaller.

  5. We take no commission from anyone

    We are not resellers of software, we do not act as brokers, and we take no introducer fee from lenders, insurers, auditors or anybody else we refer you to. When we recommend something, the only interest we have in the recommendation is whether it works for you.

  6. We say when a job is not ours

    We do not carry out statutory audits, give investment or insurance advice, handle complex international structures or provide legal services. We keep working relationships with firms that do, and make the introduction without charge. Improvising outside your competence is how professional firms cause real damage.

The practice in detail

Some things clients ask about

A few notes on how the firm actually runs, for anyone who likes to know what they are signing up to.

The office at Marchbank House

We occupy the whole of the second floor: an open working area, two meeting rooms, a records room and a small kitchen that generates more discussion than any other part of the building. Reception is on the ground floor and there is lift access throughout.

Clients are welcome without an appointment, though you will get more out of the visit with one, since the person you want may be out at another client's premises. Visitor parking is free for three hours and signed from the approach road. Full directions are on the contact page.

Training and recruitment

We take on one or two trainees every couple of years and support them through their professional examinations with paid study leave, funded tuition and a mentor drawn from the managers. Eleven people have qualified with us since 2009, of whom six are still here and three others we still hear from.

It is a slow and expensive way to build a team. The alternative — recruiting qualified staff from other firms every time we grow — produces a practice where nobody has been anywhere long enough to remember a client's history, which is precisely the thing we sell.

How we meet clients now

Roughly half of our client meetings happen by video, with the ledgers shared on screen so that both sides are looking at the same figures rather than describing them to each other. Quarterly reviews run to about an hour; year-end sign-off meetings can occupy most of a morning.

It suits most people, and it saves the clients who are ninety minutes away a half-day round trip four times a year. It does need a decent connection at your end. There is a full explanation, including what bandwidth to expect, on the video meetings page.

Continuity and cover

Every client has a named deputy as well as a named manager, and both attend the annual meeting where that is practical. Holiday cover is arranged in advance and written into the summer timetable that goes out each May, so you know before it happens who you will be speaking to and when.

Seven of the fourteen people here have been with the practice more than eight years. Two have been here more than fifteen. That continuity is worth more to clients than almost anything else we could offer, and we protect it accordingly.

Our client list, in rough proportions

About sixty per cent of our clients are limited companies, twenty-five per cent sole traders and partnerships, and the balance is made up of family investment companies, small charities, clubs and a handful of individuals whose affairs are complicated enough to need attention on their own.

By turnover, most sit between £150,000 and £6 million. We have a few smaller and a few larger. We would be a poor choice for a business turning over £40 million, and we would say so at the first meeting rather than take the work and struggle with it.

Records, paper and the filing room

We still keep a physical records room, because a meaningful number of clients still arrive with a box, and because some documents genuinely ought to exist on paper. Everything that comes in is logged, scanned into the client file, and either returned to you or held until you ask for it.

Original documents are returned as a matter of course once we have finished with them — usually within a fortnight of the accounts being finalised — and we ask you to keep them, because they are yours and because you are the person who will need them if anybody asks.

Professional standards

We work to the ethical standards expected of a professional accountancy practice: integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. Files are subject to an internal review cycle and to periodic external review.

We hold professional indemnity insurance, details of which are available on request, and we are required to verify the identity of clients and their owners before beginning work. Our complaints procedure is set out in the footer of every page and in your engagement letter.

Working with us

What the first year usually looks like

New clients often ask what actually happens after they say yes, so here is the ordinary sequence. It takes longer to describe than to live through.

In the first fortnight we issue the engagement letter, complete the identity checks, and write to your previous adviser for the handover file. You sign two or three forms. Nothing else is required of you at this stage.

Over the following month or so we reconcile the opening position to your last filed accounts. This is the part where problems surface, if there are any, and where we send you a short written note about anything that does not agree. Roughly a third of incoming files have something in them worth mentioning; most of it is minor and historic.

By month three the routine has usually settled: records arriving on a fixed cycle, indirect tax returns going out on time, payroll running on set dates, and a first quarterly review in the diary. From that point the year runs to the timetable attached to your engagement letter, and the only unscheduled conversations are the ones you initiate.

The first year end is the one that tells you whether you made the right decision. Draft accounts, a schedule of discussion points, a meeting, and only then the filing. If any part of that has gone wrong, tell us — it is much easier to fix a process in year one than to live with it for a decade.

Thinking about moving?

Roughly two thirds of our new clients arrive from another practice, and there is no charge for the handover work. The mechanics, and honest answers to the three worries people usually have, are set out on the main page. When you are ready, the contact page has everything you need to reach us.

Elsewhere on this site

Where to go next

Services and fees

The full list of what we do, the sectors we know best, the year planner and the indicative fee ranges for each package.

Video meetings

How quarterly reviews and year-end sign-off work by video call, how long they run, and what you need at your end.

Contact

Telephone numbers, email addresses, opening hours, directions to Marchbank House and a short enquiry form.

Privacy notice

What personal information we hold, why we hold it, how long we keep it and what you can ask us to do with it.