90 years of helping Derby businesses

Bondholder Sibbalds, a Chartered Accountancy firm based in Derby, is celebrating its 90th year in business this year, having been formed in 1928 by Mr James Sibbald. 

David Bowler, Director at Sibbalds, sets out the firm’s beginnings by saying “Mr Sibbald was joined shortly after by Mr Forsyth and Mr Farnsworth. It’s apparent that originality wasn’t one of their greatest qualities as they went on to name themselves ‘James Sibbald, Forsyth and Farnsworth’. Following a number of changes in the partnership, they eventually became known as just ‘Sibbalds’.”

A lot has changed since the early days with the introduction of computers being the most revolutionary. Before computers, the accounts had to be typed up using a typewriter with all of the working papers being maintained in audit bundles tied with pink ribbon and added up by hand. 

And now, there is a new revolution which has already begun known as ‘Cloud Accounting’. Sibbalds intend to be at the forefront of this change and believe that moving a business’ accounting systems to the cloud brings many benefits.

David said “Whilst technology may have changed a lot over the past 90 years, the one thing that has remained constant is our commitment to provide the best service and advice we can to the people and businesses of Derby, Derbyshire and the surrounding area. 
“We’ve welcomed many faces over the years – as clients, as strategic partners, and as team members – and without the support of all of these, we would not have achieved the success we have over the past 90 years and we thank you all for everything you have done and continue to do to make us the firm we are today.”