Accountants and Advisors for growing businesses

Pentlands sit in ‘value land’ where there’s value beyond the compliance…

…they care and invest in understanding your business. Elinor really stood out. She took the time to listen and understand, not only about the business, but also my personal ambitions. In my experience, you don’t get that with most other accountants.

Nigel Shanahan, Co-founder, 1 Mill Street

SUCCESS STORY - 1 Mill Street

1 Mill Street is the melting pot of Leamington. An eclectic mix of businesses, characters and facilities including everything from flexible workspaces, inspiring meeting rooms, a state-of-the-art production studio, agile event spaces AND possibly Leamington’s best coffeehouse. We hear from Co-founder, Nigel Shanahan, about working with Pentlands to interpret the numbers and make informed decisions.

Nigel Shanahan

“When I decided to make the move to a new accountants, I met with several small Accountancy firms. Elinor really stood out. She took the time to listen and understand, not only about the business, but also my personal ambitions.

In my experience, you don’t get that with most other accountants. They engage because there is a compliance need. But, we wanted a relationship with someone who would help us to interpret the numbers and talk about the business drivers, enabling us to make informed strategic decisions.

We required an improved management reporting function. There was a disconnect between the management accounts, the Xero platform and the accountants that we had engaged with at the time. Working with Elinor and the Pentlands team changed all of that. Now every quarter, we get a set of management accounts with good interpretation, that is crucial to better decision making.

I highly recommend Pentlands, and specifically because of Elinor. She has a really strong peer-to-peer relationship with the owners of businesses, like myself. She cares and that really comes across. Pentlands sit in ‘value land’ where there’s value beyond the compliance activity, because they care, and they invest in understanding your business. If you want somebody like that who can guide you, and often people in Scale Up businesses need bit of that, then Pentlands are a good home for you.

Objectives

To engage with an Accountancy firm who were able to interpret the numbers and understand the business drivers

Improved Management Account reporting function

Challenges

Disconnect between Management Accounts and Xero platform providing incomplete and inaccurate figures.

Finding an accountant who went beyond compliance and looked at both the past performance and future projections.

Results

Working with an accountancy firm who provide more than compliance with an understanding of the business, providing a good interpretation for informed decision making.

A great peer-to-peer relationship with Elinor.

CHANGING ACCOUNTANT CAN SEEM LIKE A DAUNTING TASK, BUT IT DOESN’T HAVE TO BE

Rest assured with Pentlands you are in safe hands. We will work with you to make the transition as smooth and pain free as possible. Following our simple three-step process, we take the hassle out of your hands and will do most of the work for you.

If you are thinking of switching accountant, let’s explore how we can support you to maximise your business growth potential. Take your first step and get in touch for an informal chat.