Member of the Month – Ritson Young

This month we feature Ritson Young as our member of the month.
Steven Bain, Director, had a nice chat with Lucy to fill us in on what’s going on and what’s new with their business.

Introduction
Ritsons was formed in 1909 and opened branches along the North East coast including an office at 51/55 High Street, Nairn. 42 years ago, they relocated to the premises at 28 High Street, above the former Rose Brothers shop. The office now occupies the two floors above the Red Cross Shop beside the former Royal Bank of Scotland on the High Street in Nairn.
The Nairn business later became Ritson Young when Senior Director Bill Young branched out on his own in 2007, retaining most of the staff.
Family is a word close to the business’ heart as the staff have been together for such a time, they have watched each other’s families grow up. Ritson Young currently has 8 members of staff.

What’s going on?
This year is a double celebration for the business. They are celebrating 50 years on the High Street and also 4 staff members anniversaries who have spent 20 and 30 years’ service with the firm. Across all staff members, they have over 200 years of loyal service. That’s a great achievement.
Recently the firm held a celebratory lunch which was attended by many retired members of staff who still stay in touch with the business.
Director Steven Bain said: “We have a local and worldwide client base and are very proud that many of the staff here have come through Nairn Academy and stayed with us throughout their careers.”

What’s to come?

“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 2026 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.”
“It’s a huge change and I’m not sure how many businesses and taxpayers 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. “

 “We are proud of our strong local community connections and are keen to continue supporting Nairn based projects including sponsoring local youth and sport.” Nairn based projects including sponsoring local youth and sport. You can keep up to date with relevant tax changes by following our facebook page.”