Success Story
A York accountancy firm has secured a six-figure loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II), to support its continued growth following its acquisition of another local practice.
| Region/Nation | Yorkshire and Humber |
|---|---|
| Sector | Advisory & Financial Services |
| Programme | Northern Powerhouse Investment Fund II |
| Partner |
The Fulford-based firm has recently doubled in size with the acquisition of Sunley & Co in Acomb. The two practices - which between them employ 12 staff and serve around 800 clients - will continue to operate as separate brands under the direction of Change Accountants’ founder Stacey McVeighty.
The funding will enable her to strengthen the management team and invest in technology and training to continue the growth of the business.
A qualified accountant with over 25 years’ experience, Stacey established the practice in 2014. Change Accountants has been paperless from the start, and prides itself on keeping up to date with the latest technology and on being a fair employer, offering staff benefits such as unlimited holidays.
In addition to the standard services such as accounts, tax, VAT and payroll, it produces specialist data to enable clients to create reports such as carbon calculations to comply with the requirements of tender frameworks.
Tags related to this content:
Quick links
More success stories
Read a success story about Salesfire
Salesfire – a Middlesbrough company whose platform helps e-commerce stores to increase sales - has raised a further £2.75m from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II).
Read a success story about Claro Hill Vets
A North Yorkshire-based veterinary practice has secured £90,000 from NPIF II – BEF, which is managed by Business Enterprise Fund (BEF) as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding also came from BEF’s Community Investment Enterprise Fund 2 (CIEF2) backed by Lloyds Bank and Better Society Capital.
Read a success story about Panacea Children Services
The North West’s leading provider of specialised therapeutic services for children has received a significant six figure investment to increase its number of homes in the North West to eleven as part of a three year strategic growth plan.