The LUMENROCK Story

The LUMENROCK Story

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Growing into a 120 person firm because they really care for each other

Steven Pipe's book: The Worlds Most Inspiring Accountants .


LUMENROCK is a seven director South African firm with 12 offices that has:

 

  • Helped young people who couldn’t afford a professional education become business leaders
  • Created a genuinely caring culture
  • Grown into a 120 person firm in less than 15 years 
     

Background information


Pieter Esterhuizen started his practice in 2003 on a farm in a remote part of South Africa near Vrede. Today he is the managing director of a firm with 12 offices, two of which are overseas, and a team of 120 people. This is the story of how he has changed the lives of the young people who have been on the journey with him.
 

How they helped


After being introduced to Simon Sinek’s seminal book “Start with why”, the firm recently did some very deep and honest thinking to identify their “why” which they then articulated as “Because we care, we make a difference”. And that focus on caring is not just a new slogan. It has always been fundamental to the success and growth of the firm and is self-evident in how they treat their people.
 

Six of Pieter’s first seven employees are still with the firm. None of them came from a privileged background. None of them had more than a general school education. And none of them could really afford relevant professional education or training.

Nevertheless, Pieter decided to give them a chance. So as well as offering them jobs, in-house training and support, he also offered them bursaries to fund their professional education.


The difference it has made 
 

When the firm opened a major new office 1200 km away in George in Western Cape, all six of them relocated there with Pieter. And as the business has flourished, so have their careers:


Brenda, who had no background in accountancy and started as a receptionist, is now the Office Manager in George, the largest office in the group


Wilma, who also started as a receptionist, is now senior bookkeeper


Wynand, Wilma’s son, who started as a part-time messenger, is now the Financial Manager for the entire group


Armand, Wilma’s second son, who joined straight from school, is now a “roving manager”  training new offices and troubleshooting in whichever office needs him most


Ronel, who later married Wynand, is now the manager of the division that manages all the core monthly accounting services


Peter, who is still only in his mid-20s, is now the Production Manager for the group, and is also their most senior technical accountant, apart from the partners


The firm also has an annual “Employee Of The Year” prize, which is awarded using an objective scoring scheme based on the firm’s “Five star performance standards”. The prize is open to all 120 employees, but for the last four years it has been won by Armand, Peter, Wynand and Ronel.

 

“For the last two years,” Pieter explained, “I withdrew from the final decision making in the prize giving process so that no one could think I was favouring my original six employees. The truth is they have all been worthy winners, and have won their prizes and their promotions entirely on merit.”


In the same way that the original six employees have grown as professionals, the practice has enjoyed equally impressive growth. From Pieter’s humble beginnings as a start-up working out of his farm, he now leads a business with 12 offices and seven directors.


How it made them feel 


“I am incredibly proud that we have created a genuine team culture of caring for, supporting and valuing each other. And I’m sure they share my pride,” says Pieter. “I’m also incredibly proud that I’ve now been asked to explain our culture at several high-profile conferences. And I’m proud that my wife Claudine, who has known my six original employees since our days back on the farm, is a kind of surrogate mother to the whole happy family.


“The dramatic increase in our size has been due to both organic growth and mergers. But our caring culture has undoubtedly been a key ingredient in our success. Because of it we have an incredibly loyal team, who really care about delivering the five-star service that gives us a great reputation and attracts a lot of new clients. In addition, their willingness to always go the extra mile for us and our clients has also allowed us to deal with the inevitable stresses and strains on our resources, systems and structure that have been caused by our rapid growth.” Pieter also stressed that, “it is important to note that our other employees have also embraced this culture of loyalty, five-star service and caring, and that my co-directors also play a very large part in this success story.”


Pieter also wanted to share another aspect of their team culture that makes him very proud. “A couple of years ago I heard about a 27 year old lady who had been profoundly deaf since birth, and consequently had never had a job. So we approached her parents, and offered to take her on to see if we could train her. I am proud to say that she is now a really valuable member of our support team, and that a couple of months ago we were also able to help fund a cochlear implant to help her get some a sense of sound.”


“She has been such an inspiration to everyone in the firm. We have all learned so much from her about having the right attitude, determination and commitment. We have learned to appreciate all the talents and circumstances we have been dealt in life. And we have all become happier and even more caring as a result.”    

 

 

Chris Roodt
Chris Roodt
I am the Managing Director of various legal entities; varying from agriculture to residential and business developments. For the past six years Pieter Esterhuizen has been involved with all, baring one, legal entity. I have always received excellent service from Pieter and I am impressed with his personal knowledge of all spheres of business, as well as his professional and speedy response to quer...
Willie Esterhuizen
Relationship Executive: Commercial / Absa Retail a
Absa Bank has been associated with LUMENROCK (and previously KSE & Associates) for many years. We are very proud and privileged to be the bankers of a professional group like LUMENROCK – that really adds value to all their customers’ financial affairs. Pieter Esterhuizen has always demonstrated the highest levels of integrity and it is a real pleasure dealing with each and every one at LUM...
IS Ferreira
IS Ferreira
I have known Pieter Esterhuizen for over ten years in his capacity as my accountant and financial advisor. His sound and very professional financial advice has always been outstanding. He and his firm is dynamic, trustworthy and very loyal to me as a client. It is an honour and privilege for me to be associated with Pieter and LUMENROCK.

 

 


South African Rand

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Tel : +27(0) 86 187 3255
Fax: +27(0) 86 509 4151
Email: info@lumenrock.co.za