Ritsons celebrates more than 50 years on Nairn High Street
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AN accountancy firm is celebrating more than 50 years of its presence on Nairn High Street.
Ritsons was formed in 1909, opening branches along the north-east coast including office premises at 51/55 High Street Nairn, then relocated to the new premises above the former Rose-Bros shop at 28 High Street, 42 years ago. Ritson Young's offices are above what was previously the popular delicatessen beside the former Royal Bank of Scotland building on the High Street.
The business in Nairn later became Ritson Young when Senior Director Bill Young branched out on his own in 2007 retaining most of the staff.
Director Steven Bain said: "We have a local and world wide client base and are very proud that many of the staff here have come through Nairn Academy and stayed with us throughout their careers.
"We recently held a celebratory lunch which was attended by many retired members of staff whom we still keep in touch with.”
"We currently employ eight members of staff and it's very much a family business as we have been together so long and have seen each other’s families grow up."
“This year is a double celebration as not only are we celebrating 50 years on the High Street we also have four members of staff celebrating 20 and 30 years service with the Firm. Including all staff members we have over 200 years loyal service!”
"We are continuing to broaden our client base," said Steven, "Covid proved quite a challenge, for some of our clients, as there became a greater dependency on internet accounting for dealing with income tax and VAT.”
"There are challenges facing tax-payers and smaller and larger businesses in the years to come, when in April 2024 self-assessment tax returns will be required to be prepared quarterly online instead of an annual return which can still be completed in paper format at the moment, although this will be phased out by October 2023.”
"It's a huge change and I'm not sure how many businesses and tax payers are aware but we will be there for all our clients to support them through this transition. This transition has already happened with VAT Returns and it is now compulsory to be submitted digitally.
Bill Young and Steven played a key role in saving Nairn County Football Club when it got into financial difficulties in the 1990's.
A former director of the club Steven said: "I'm pleased to see Nairn County on the way up after a difficult start to the season. I still take a close interest although I stepped aside due to family and work commitments.
“We are proud of our strong local community connections and are keen to continue supporting Nairn based projects including sponsoring local youth and sport."
