Firm’s annual revenues surged more than 16% percent, well above the average rates of growth in the area and across the country
Propelled by double-digit revenue growth, SC&H Group now ranks as the No. 1 Maryland-based firm and the No. 2 outfit in the entire Capital region, according to the national magazine Accounting Today.
Headquartered in Sparks, MD, SC&H generated revenues of $55.45 million in 2017, 16.39% more than during the previous year.
SC&H proved to be a positive outlier, both nationally and regionally. SC&H’s revenue growth significantly outpaced the average growth rate of the country’s top 100 firms, which stood at 6.33%. In the five-jurisdiction Capital region (Delaware, Maryland, Virginia, Washington, D.C., and West Virginia), the average growth rate pulled in at 8.48%, a little more than half of SC&H’s.
The editor-in-chief of Accounting Today, Dan Hood, identified the most startling finding of his publication’s annual survey as “the slowing growth demonstrated across the leading firms in the profession.” Hood added: “the average firm grew more slowly in 2017 than in the four or five years before that — a significant, and unpleasant, surprise.”
On the strength of its 2017 performance, SC&H climbed seven spots in the national rankings, coming in as the 75th largest firm in terms of revenue. But that distinction means little to the firm’s top executive.
“I have to confess: I’m far less interested in where we rank among our competitors than I am about how we rank in the minds of our clients in terms of adding value,” Ron Causey, CEO of SC&H Group, said. “Our growth reflects that we’re delivering the kind of strategic and trustworthy service that companies crave and rely on in an ever-changing and complex marketplace. Serving as a consultative resource to our clients, and growing to meet their needs, is what we care about more than anything.”
Accounting Today reported “one major path to growth is doubling down on specialization.” A growing number of firms are adopting SC&H’s successful strategy of offering clients a wide range of diversified services. The firm’s differentiation extends beyond their expertise in audit and tax services; and includes a Cloud Select Platinum Status Oracle Hyperion practice, an Investment Banking and Advisory Group experiencing remarkable growth in the region, and a growing Technology Advisory practice.
To read the full issue of Accounting Today’s Top 100 Firms of 2018 issue, click here.
About SC&H Group
SC&H Group is a nationally recognized management consulting, audit, and tax firm serving clients from rapidly growing private sector businesses to Fortune 500 companies with global brands. The company has divisions — Audit, Business Performance Management, CFO Advisory, Contract Compliance Audit, Investment Banking & Advisory, Personal Financial Planning, Risk Management, Tax, and Technology Advisory. The firm’s strategic practices provide the leading-edge thinking and advice that transform our clients’ businesses and help them outpace the competition. We embrace the future and help clients prepare, innovate, and evolve their businesses in this complex and highly competitive world. For more than 25 years, SC&H Group has demonstrated its commitment to delivering powerful minds, passionate teams, and proven results on each and every engagement. Learn more at www.schgroup.com.