Stannards targets revenue of $52.4m over next two years- report

Core Insights - Stannards aims to achieve a revenue target of A$100 million ($52.4 million) over the next two years, driven by expansion efforts since the involvement of private equity firm Pemba Capital Partners [1][5] - The company is positioning itself as a mid-tier entity in the accounting and advisory industry, focusing on attracting top talent and acquiring culturally aligned practices [5] Executive Appointments - Leah Roberts has been appointed as chief people officer, focusing on employee performance frameworks [2] - Romith Manju has joined to lead mergers and acquisitions, bringing experience from Blue Ocean Equities [2] - Brett Luckman, a former PwC director, has been appointed as chief technology officer to advance AI initiatives [2] - Olga Kotliar has been appointed as chief financial and operations officer, and Laurens Visscher will head the new grants and incentives practice [3] Growth and Acquisitions - Stannards has been selectively acquiring smaller firms, particularly "one or two-man band operations" [3] - Recent acquisitions include MC Tax Advisors, SME Valuations, and a Melbourne-based audit practice, with further details to be disclosed after a deal completion in January [4] - The firm has expanded its team to over 100 staff members, including 13 directors and partners [4] Financial Projections - The company forecasts a revenue of A$30 million ($19.8 million) for the current year and is pursuing further expansion with offers extended to five practices in Australia [5] - Stannards' strategy includes attracting commercially minded talent with competitive salaries and equity opportunities [5]