Yorkshire accountants donates £500m for client base battling lockdown effects

Phil Ellerby, founder and CEO of Northern Accountants

A Yorkshire accountancy firm is donating a £500,000 survival package to its client base to help them battle the effects of the continuing coronavirus lockdown.

With bases in Leeds, Ilkley, Doncaster and Hull, Northern Accountants serves SMEs across the county and beyond. To date, it has already pledged £250,000 to help stabilise cash flows and, it says, it is on track to double this amount.

This involves offering four new online tools to customers and waiving the cost of subscriptions, set-up and training.

“We are committed to helping our clients through this time of uncertainty – and in many cases, reduced revenues,” said Phil Ellerby, founder and CEO of Northern Accountants.

“Our team has spent two weeks contacting the companies we work with to understand their requirements, and tailor the support that they need.

“Disruption to cash flow is one key issue that can cause serious problems, particularly when there is less money than usual in a firm’s systems. These tools combined can really improve this situation – and be the difference that keeps businesses on track.”

Software subscriptions alone usually cost about £75 + VAT per calendar month and Northern Accountants has committed to cover these until 30 June 2020, when the situation will be reviewed.

Set-up and training fees, usually £500 to £1,500 depending on the business, are also being waived, it said.