Corporate NOUVSeeingConsistentGrowth inAuditBusiness

“Obtainingacleanauditreportisimportant.Butknowingthatyouraudit reporthasbeendrawnbyafirmwhereintegritytopsitslistofvalues,iswhat willenhancethecredibilityofyourcompanyanditschancesformore businessgrowth,”saysTONIOFARRUGIA,PartnerandChiefOperations OfficeratNOUVastheboutiquefirmprojectsmoregrowthforitsaudit businessthroughanewacquisition.

From a small boutique firm founded in 2008, NOUV continued to grow at a steady pace, and two years ago, it was compelled to relocate to new bigger offices

“The increased demand we are experiencing in this area not only compelled us to onboard several new employees over the past few months, but we are now about to acquire another small but specialised audit firm,” announced Mr Farrugia.

“This important acquisition has already started, and the first employees have already joined the company to start familiarising themselves with the setup and culture at NOUV The rest of the team of 10 to 12 audit people will join once the acquisition is finalised in May With this acquisition, which should continue strengthening our market position in this sector, our Audit setup will be complete,” said Mr Farrugia

Mr Farrugia, however, points out that NOUV’s strengths go beyond its strong audit arm.

“Notwithstanding the fact that we like to describe ourselves as a boutique firm run by a relatively young team, we are positioned to offer a large pool of disciplines coupled with professionals who hold a wealth of experience In fact, we believe that the biggest strength in NOUV is in terms of knowledge,” he added.

Tonio, together with his partners Mark Aquilina, the firm’s founder, James Sammut, Andrew Naudi and James Sammut who leads NOUV’s growing Sustainability arm, want to establish NOUV as leaders in the sector

“We call ourselves a boutique management consulting firm which means that we handle fewer clients However, contrary to bigger companies, we believe to be in an enviable position to give our clients more importance Being smaller also means that everyone’s input is crucial, everyone has value to give, and everyone at NOUV holds the potential to grow their knowledge further.”

“At NOUV, we thrive on a collective sense of ownership because ownership spells commitment It sets an example that creates the right environment where people feel more supported and empowered to grow professionally So being smaller than other bigger firms also means that we have more flexibility to develop our ideas more and to adapt our work more to our client’s expectations,” added Tonio.

Today, NOUV employs over sixty employees, but its quest for more growth continues

“We always projected more growth, which is why a few months ago we took over 200 sqm of new additional space beneath our current offices where we shall have a dedicated training centre for the growing operations of NOUV Academy, two additional offices and an open plan area with all the relevant facilities”

“Meanwhile, we are also opening up vacancies for the posts of Business Advisor in Energy and Environment, Business Advisor in Health and Safety and a Senior Accountant We are first opening up these positions internally in line with our commitment as a firm to encourage internal growth”

Tonio stresses the importance for businesses to keep pursuing growth but even more crucial remains the fact that growth has to happen in a sustainable manner

“We believe in sustainable growth for companies who want to last and leave an enduring impact. This is how we guide our own clients to grow. In this day and age, sustainability is crucial in all aspects of a business. This is why NOUV invested in the acquisition of Tuning Fork two and a half years ago to be in a position to offer top-notch advice on ESG matters and on sustainability”

Tuning Fork came with its own Academy and an established portfolio of over a hundred expert accredited and non-accredited training courses in relation to ISO standards in Management and Leadership, Governance, Sustainability, Project Management, Automotive, Health & Safety and Hospitality

“Courses are mostly sought by people in management and leadership positions as well as those responsible for auditing of ISO standards with clients across all industries including pharmaceutical companies, manufacturing and gaming companies The message that growth also comes from knowledge seems to be setting in and this is good!”