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practice was started in 1976 and for many years was operated
as a “sole
practitioner”. We now have five Chartered Accountants
who did not train with the firm; these all being the older
members. In fact three are from firms acquired by Roger Lugg & Co
and are retiring gradually. One has been the Manager at the
Lingfield office for some seventeen years.
In 1988 when we were having difficulty obtaining staff
it was decided to go the “Training” route. Since
then five have Qualified with us and have moved onto pastures
new. One is now a Senior Manager with KPMG, one in practice
on her own, two still in the profession and one in industry.
Three of these had a certain amount of difficulty in passing
but made it with much encouragement and perserverance. There
were only a couple who were taken on and found that it was
not for them.
In addition there are seven Chartered Accountants who have
trained with the firm and have stayed, three being members
of the Association of Chartered Certified Accountants. Three
are now partners and certainly another three have signified
their wish to become one. Two have continued training by
passing the Institute of Taxation exams whilst a third is
studying these now. One of these is even going on to take
the Society of Trust and Estate Practitioner exams as well.
Although we are perhaps “top heavy” we have
decided to continue training as the students keep us up to
date with all the new regulations and more pertinently the
policy has worked. However we are trying the Association
of Accounting Technicians with two students in the hope that
on passing they will “Fast track” to Chartered.
We also still have two students studying for the Chartered
exams. Unlike many firms who have succession problems ours are
different in that we have to keep growing in order to give
the youngsters new challenges as most seem to want to stay. Other perhaps interesting details. Five of the Qualified
are female, seven male. Three students are female, one male.
Total staff is Thirty two of which sixteen are part-time
and twenty are female.
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