IT all adds up for accounting software specialist Liquid Accounts.
The company is celebrating its fifth birthday by assessing just how far it has come in that short space of time.
The Longwood-based business was set up by three of the current directors – Matt Holmes, Lisa Kendrick and Jon Wright. It has experienced expansion, gained investment and won a variety of industry-recognised awards.
The firm, which started out with three members of staff, now employs 16 and has three non-executive directors to support the business in its rapid growth and development.
It originally focused the award-winning online accounting software at small local businesses, but now has a much wider client base with international clients, including one in Switzerland.
It has won a hatful of awards for its use of internet technology and web-based accounting software.
Managing director Matt Holmes has also been recognised by being invited to chair the special interests group for Cloud Computing for the British Application Software Developers Association. He has also spoken at high-profile events across the UK and in France.
Earlier this year, Liquid raised equity investment worth £770,000 to help with marketing and expansion over the coming years. Liquid raised the funds by selling an 18% stake to a syndicate of prominent local business angels – with a further 12% being match-funded by the Government’s flagship fund for women-led businesses, The Aspire Fund.
It also followed up by undergoing a company-wide re-brand with a new brand identity and website to strengthen its position as market-leader by working alongside Birstall-based Fantastic Media.
Said Mr Holmes: ““It has been a roller-coaster journey. However, we are definitely in the right place at the right time to be leading the way in Cloud Computing.
“Microsoft has just announced that it’s putting the majority of it’s development into the Cloud and big names like Coca Cola are moving their internal systems online. We are the only UK online accounting software provider to have gained major equity investment so far and we offer many benefits, advantages and cost-savings for our clients.”