Local Firm Celebrates 100 Years in Business

Local Firm Celebrates 100 Years in Business

2019 is a milestone year for local firm, Scrutton Bland, as they celebrate 100 years in business. Here, the historical firm reflects on their long history and how it led them to success. 

When Alfred Scrutton and Francis Goodchild opened their accountancy firm in Ipswich in 1919, it is unlikely that they would have imagined that the business would still exist today, let alone having offices in four counties and employing over 200 people.

Scrutton Bland as the firm is now known, is the product of several historical mergers and acquisitions between local accountancy and insurance businesses. Of these unions, the most impactful was the joining together of Suffolk-based Scrutton and Goodchild and Colchester insurance brokers Bland Fielden, both of whom were established in 1919 meaning that Scrutton Bland celebrates a double centenary in 2019.

Managing Partner, Jason Fayers is proud of the firm’s history: “Our founding firms were established at the end of WW1 by soldiers returning from the Great War. They recognised the need for financial advice and insurance that the years of war had created and set up services to meet those needs. It is hard to imagine how life was back then, but one thing remains the same today, which is that people still need sound professional advice when it comes to their finances.”

In 1990 the firm rebranded as the Scrutton Bland Group, and in 2004 expanded its operations into Norfolk with the acquisition of Merrick Hill insurance brokers in Diss. By the mid-2000s, Scrutton Bland had outgrown both its Colchester and Ipswich offices, and in 2007 the firm expanded into a new building on Colchester Business Park and an impressive three-story office on Ipswich’s Crown Street in 2014. In 2017 the firm expanded once again, this time northwards, increasing the size of its site in Diss and opening a new office in Cambridge later that year.

As it hits the monumental 100th year, the current Scrutton Bland partnership team look back on the firm’s long history and the position it has held for so long in local communities:

Tim Mulley, Senior Partner, thinks that the similarities between the business approach today and that of 100 years ago could be behind why the firm has prospered for so long commenting: “Our business is based on trust. Looking after people’s livelihoods, whether that is in business or their personal finances is a huge responsibility and one which we take very seriously. I think understanding what matters to our clients, and genuinely putting them first is what sets us apart and why we are still operating today.”

Although priding itself on such a long history, the modern day Scrutton Bland is firmly focused on positioning itself at the forefront of new technology. Having been one of the first adopters of cloud-based accounting in the region, the firm has recently secured exclusive partnership arrangements with online apps and software providers to ensure that it remains well positioned to adapt to its clients’ needs as both business and personal finances become increasingly digitalised.

Simon Pinion, a Business Advisory Partner who is responsible for developing the firm’s digital strategies, identifies this as probably one the most dramatic changes to affect the firm adding “Advisory services are changing. Technology is replacing much of the work which traditionally would have been carried out by hand by an accountant or tax adviser.” But, far from being a disaster, Simon sees this as the very thing that could secure the future of the firm. “You don’t get to celebrate 100 years in business without having adapted to the market around you. Whilst the digital age sees an unprecedented rate of change, we are responding by developing and adapting the type of services we offer and the way in which we deliver them to our clients.”

For more information visit the Scutton Bland website here. 

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Photo Credit: Scutton Bland