An accountancy and business support firm is destined for growth after agreeing a funding deal with Reward Finance Group.
The £140,000 cash injection will enable Eyre & Co. Accountants to simplify its ownership structure and push ahead with its expansion plans. This will include the opening of an office in the Nottingham area to develop an East Midlands presence as well as continuing to grow its Yorkshire client base; it already has offices in Sheffield and Doncaster.
The company currently has a team of eight people serving a client base consisting of around 500 small and medium sized businesses, in sectors as diverse as consulting, legal and construction. It has been providing accountancy and business advice services since 2019, when Claire and Andrew Eyre acquired a long established practice, AR Accountants.
After agreeing a short term Business Finance facility with SME funding specialist Reward Finance Group, Eyre & Co. has boosted its working capital to complete the final stage of its acquisition, which sees Claire Eyre take sole ownership. It is very much ‘business as usual’ for clients, however, who will continue to benefit from the specialist support provided by a highly qualified team.
Reward Finance Group were introduced to Eyre & Co. by Trusted Business Partner (TBP), run by James Clinghan, who brokered the funding facility in conjunction with Reward Finance Group’s business development director, Harriet Gibbs.
Andrew Eyre, practice manager at Eyre & Co., said: “Dealing with Harriet and Reward was a real pleasure and made what could easily have been a stressful and demanding request, extremely simple and easy. Harriet was thoroughly knowledgeable, professional and extremely supportive at every step of the way, a complete change from traditional finance providers and such a refreshing way of working.
“I wouldn’t fail to recommend her and Reward to anyone, and I am sure they will become a trusted source of support for years to come.”
Gibbs added: “Andrew and Claire have a clear vision for the next chapter for Eyre & Co. with a tremendous opportunity for growth, and we are pleased to be able to support them. The business finance solution we have provided was ideal for unlocking their growth potential, enabling them to leverage the value of assets to provide a flexible working capital facility which can be used to realise their goals.”
