LLP becomes symbol of status

With effect from 1 October 2005, the MacIntyre Hudson partnership became a Limited Liability Partnership (LLP) – a corporate structure which is being adopted by many UK accountancy practices and other professional partnerships

Managing Principal Dick Panter commented, “As an LLP our aim remains unchanged - to continue to grow our practice and to enhance both the range and level of service to our clients. But we do see our new status as an opportunity to operate our business under a modern corporate structure to attract, retain and develop talented professionals who are important to our business and key to providing our clients with the services they would expect from a leading firm of business advisers.”

The firm’s recent investment in a state of the art practice management system provides the solid platform on which to further develop this vision of effectiveness and efficiency.

Dick continued, “ We have agreed that the new LLP will retain the trading name ‘MacIntyre Hudson’ which is fortunate because having undertaken an extensive rebranding exercise in 2003 we didn’t relish the prospect of having to change our logo again.”

All of the existing partners in MacIntyre Hudson will remain with MacIntyre Hudson LLP although they will be called principals rather than partners from 1 October. MacIntyre Hudson Corporate Finance Limited and MacIntyre Advisory Services Limited will continue to deal with corporate finance work and finance and management training and consultancy respectively, in exactly the same way as they do at present.
MacIntyre Hudson has a considerable number of LLP clients and is well placed to assist other professional partnerships in evaluating the benefits and making the transition. Our best advice on the subject? Don’t underestimate the time it will take to get everything in place!