Liquid Accounts attracts £750,000 equity investment

Mar 9 2010 by Henryk Zientek, Huddersfield Daily Examiner

Richard Doyle, a technology entrepreneur and investor who now chairs the company, said: “I was introduced to the team at Liquid Accounts through my work with Connect Yorkshire and they immediately impressed me.

Since conception in 2005, Liquid has developed a superb, extensive, yet easy to use ‘on-line’ accounting solution with 3,438 programmes and over 1m lines of code.

Pre-investment, the team has attracted hundreds of customers and more than 150 accountancy and bookkeeping practices.

It has also won several high profile awards. The accolades include Matt winning the award for Young Business Personality of the Year at the 2009 Examiner Business Awards.

Said Matt: “We are delighted to have been able to attract investment in such challenging economic times. We believe that this is testament to the quality of our software and the unique team behind it.

“Our focus will be on building relationships with young, ambitious accountancy firms looking for ways to grow their practices and offer a better service to their clients. We will also work with strategic partners to offer the benefits of Liquid direct to their customers at an affordable price.”

Commenting on the investment for Capital For Enterprise Ltd, Melanie Perkins, of the Aspire Fund, said: “Liquid Accounts is an outstanding example of technology revolutionising the business landscape. We are delighted to support the team as they continue to grow the company.”