Industry: Executive Search & Expert Consultancy to Law Firms
Engagement with MCL Accountants began: April 2019
Services provided: Quasi-Finance Director support, management accounts, tax compliance & advisory, in-house finance support
Business Issue
Edward Drummond Ltd was entering a period of rapid growth. With ambitious expansion plans and an increasingly complex operation, the Directors recognised they needed more than just compliance support – they needed a strategic finance partner who could:
- Deliver timely and meaningful management information
- Support decision-making with clear financial insights
- Provide continuity and guidance for their in-house finance team
- Ensure all statutory and tax obligations were handled seamlessly
How MCL Accountants Helped
When the Directors appointed MCL Accountants in April 2019, we became their outsourced finance partner, delivering both strategic direction and day-to-day financial support.
Our work included:
- Establishing a tailored management accounts pack, giving Directors accurate, timely visibility of key performance metrics.
- Presenting financial results at monthly board meetings, providing analysis and actionable insights to support strategic growth decisions.
- Acting as a quasi-Finance Director, advising on financial planning, scenario analysis and expansion strategy.
- Providing ongoing support to Edward Drummond’s in-house finance assistant, answering day-to-day accounting queries and ensuring the smooth running of finance processes.
- Preparing the company’s annual statutory accounts and corporation tax returns.
- Managing self-assessment tax returns for partners and providing ongoing tax advisory services to ensure efficient, compliant tax planning.
The Outcome
Since partnering with MCL Accountants, Edward Drummond Ltd has:
- Successfully completed a Management Buy-Out (MBO)
- Expanded from three partners to six
- More than tripled their turnover for the Legal Sector since 2019
- Achieved a sustained increase in profitability
- Enhanced shareholder value and business stability
Why It Matters
With MCL Accountants providing both strategic finance leadership and comprehensive accounting and tax support, Edward Drummond Ltd now benefits from complete financial oversight — from day-to-day operational assistance to long-term strategic advice.
This partnership demonstrates how a proactive, hands-on approach from MCL can empower fast-growing businesses to scale with confidence and clarity.
“MCL have been an invaluable extension of our team. Ishan’s support at board level and his ability to translate complex financials into clear, actionable insights have been instrumental in our growth.” — Jaidee Clark, Director, Edward Drummond Ltd
About MCL Accountants
At MCL Accountants, we help ambitious businesses grow by combining strategic financial insight with practical accounting expertise. From management reporting and board-level advice to compliance, tax, and day-to-day finance support – we give business leaders the clarity and confidence to achieve sustainable success.
Contact MCL Accountants to find out how we can help your business thrive.