Finexpert reports EUR 2 million turnover for 2010

Romanian accounting firm Finexpert reported EUR 2 million turnover for last year, as the company expanded its number of clients, developed its services portfolio and grew its employees number. Since 2006 Finexpert has grown from 20 to 60 employees. For the next three years the company plans to increase its turnover to EUR 5 million. To this end it plans to merge with same-size or micro company, integrate qualified partners and establish Finexpert franchises internationally.

Over the past years, the market for financial – accounting services underwent significant changes, and impacted Finexpert’s strategy. If in 2009, 66 percent of clients were requesting accounting services, and only 11 percent consultancy services, 2010 saw an evening of the sides, with 45 percent of clients contracting accounting services and 36 percent consultancy ones. The remaining services, such as salaries or audit, have remained in 2010 at 2009 levels (14 percent salaries in 2009, 11 percent salaries in 2010 and 7 percent audit in 2010).