Davies McLennon

Davies McLennon - Xeinadin firm

In this section of the website, we introduce you to one of our firms. Up next is Davies McLennon, run by Director Graham Davies and his team. Read his answers to get to know him and the firm.

What do you like about working for your firm?

“I enjoy helping clients work on their businesses. Helping them get the most out of technology. Helping clients ensure they minimise the amounts payable in taxation. Helping them improve systems.”

What are in your words the strengths of your firm?

“We look after our clients and will go the extra mile or more. Things our clients have said about us: “They always find a solution! They get the job done, and more, the rates are very competitive and nothing is too much trouble at all. They have extensive knowledge of the subject matter and combine a high degree of integrity with the creative thinking required in this competitive market.”

Davies McLennon charity ride
We passed the office on a charity bike ride from Blackpool Tower to the Eiffel Tower in Paris.

“What I like most is helping clients ensure they minimise the amounts payable in taxation”

Graham Davies, Director

What is the most valuable lesson you have learned at your firm?

“The accountant should be a business owner’s most trusted advisor. The relationship between accountant and business owner should be enduring. Over a period of years, the accountant should become a source of invaluable advice and a sounding board for ideas.”

What is the most rewarding experience you have had at your firm so far?

“The most rewarding experience? I recall once having a couple in the office, they were in tears, well one of them was. They couldn’t see any way forwards; the business was in so much debt. I was able to help them restructure things, and a few weeks later they were both so happy, their troubles were behind them.”

What result you achieved for a client are you most proud of?

“Difficult to say, is it achieving large tax refunds for clients, making Research and Development tax credit claims, and thereby helping clients to fund further research and build a stronger business for the future. Assisting a client with the sale of their business, finding a buyer so the result is favourable to all parties. Steering various clients through the maze of people offering what purported to be ‘legitimate’ tax planning schemes, many of them in reality were not!”

“Don’t let the tax tail wag the dog”

Graham Davies, Director

What is your favourite statement that you regularly use when advising your clients?

“Don’t let the tax tail wag the dog.”

Which conditions do you think a ‘firm of the future’ should meet?

“A firm of the future has to have embraced cloud software. Has to have embraced technology in general. Has to have systems in place to streamline and make for efficient working.”

How do you see the future of your firm from your perspective?

“We are a good way along the road to being ‘a firm of the future’, but there is more to do. Systems need improving. More software is needed. A website is needed which encompasses the cloud and remote working.”

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