| Profile: Farrell Grant Sparks, Ireland's 'most efficient accountancy firm' |
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| This year, the annual FINANCE Accountancy Survey calculated the most efficient accountancy firm in Ireland. With each of its staff members generating income of €127,273, Farrell Grant Sparks (FGS) emerged as the most efficient firm. Joint managing partner Pearse Farrell details the secrets of this success. |
Farrell says that the firm’s high level efficiencies can be attributed to the fact that the firm provides 'high end' advice to its client base primarily from experienced senior staff members, and he adds that, ' The staff profile within the organisation is untypical of medium size practices in that there is a higher level of directors and managers focused on providing value added services'.
 | | Pearse Farrell, joint managing partner, Farrell Grant Sparks |
The underlying ethos of the Farrell Grant Sparks (FGS) product offering is manifested by delivering added value through experience, expertise and innovation, says Farrell, and the firm’s main services are consulting, audit, corporate compliance, corporate finance, taxation, corporate restructuring and property, the latter comprising the first all Ireland firm to put together a multi-disciplinary team of property and financial professionals providing advice on all aspects of property, including Public Private Partnerships (PPP).
The FGS client base has an entrepreneurial character and includes large manufacturing and service companies, financial institutions, owner managers and their companies. 'FGS believe that inclusive working relationships with clients who have access to the firm’s partners who are committed to anticipating, rather than merely responding to client needs, has served the practice well for in excess of 20 years,' says Farrell.
The various disciplines within the practice have been to the forefront of Irish business life over the years. The property unit based in Belfast, headed up by Eric Munro, has been involved in the regeneration project of Fatima Mansions in Dublin’s inner city, the bundled schools PPP project for the Department of Education and Science and the National Maritime College for Bovis Lendlease.
The firm’s corporate finance unit has significant recent merger and acquisition (M&A) activity with the sale of FM 104 to Scottish Radio Holdings and the sale of the Gardiner Group last year with Jim Mulqueen, M & A Partner taking the lead role. |
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| Article appeared in the November 2004 issue.
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