The Business Exchange Bath & Somerset Issue 6: Winter 2017/18 | Page 8

NEW YEAR NEW LOOK - MEET PURPLE LIME WITH A FRESH APPROACH TO ACCOUNTANCY

As 2018 arrives , the team at Purple Lime are ready to help small and medium sized businesses in Bath and the South West face the future with optimism .
It was just over a year ago that co-founders Angela Ashworth and Oli Thomas came together to set up a new business – based at Hartham Park in Corsham – offering ambitious businesses an outsourced , flexible finance department using Xero cloud technology .
They brought with them decades of experience in accountancy , financial management , payroll , VAT returns , bookkeeping , tax compliance and anything to do with the financial health of a business . Oli had been with an accountancy practice in Bath for ten years and Angela had worked for several years as a consultant to small businesses , supporting them to move over to online accounting .
Both had a passion to create a new and fresh approach to the traditionally backward-looking world of numbers and finance – where an ability to move quickly and respond in real time was almost impossible using traditional accountancy methods .
Oli said : “ One of our little lines is ‘ year end is so last year .’ We want to work closely with each client to help them streamline their processes , train them on any technology and then provide the business owners and directors with live data and information , tailored to their needs .”
Angela said : “ Some people want a quarterly review from their accountancy firm and nothing else , others want a detailed monthly management pack with executive summary and attendance at board meetings .
“ Other businesses have a book-keeper and an accountant and the company doesn ’ t have the live data . They may find they want to get extra investment and they just don ’ t have easy access to the necessary information to start the process . We plug that gap with accurate information when it ’ s needed there and then .”
After building the business in the early months - originally under the name Hartham Financial – Oli and Angela worked tirelessly behind the scenes to put in place the procedures and processes to really offer the kind of flexible services their clients want in a digital age . They do this by working with the online accountancy software company Xero – and they have recently become a Silver partner .
Now they have been joined by accounting technician Sarah Henson and the company has been re-branded as Purple Lime .
Oli said : “ It ’ s been an amazing year after we both took the decision to set up in business together . We have taken our time , put Xero at the centre of our brand and chosen a name we believe captures what we offer – a vibrant and fresh approach to accountancy .”
“ I ’ m very proud of what we ’ ve achieved and the relationships we ’ ve already developed with our clients . We aim to take on more staff this year as well as grow our business in an organic and strategic manner ,” Angela said .
Purple Lime ’ s clients include John Potter antique maps in Bath , Interactive Scientific of Bristol and The Bath Pub Company .
For more info : www . purplelime . uk . com

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8 THE BUSINESS EXCHANGE 2017