Strategic Partnership Set To Transform Bookkeeping For UK SMEs

EAST SUSSEX, UK, 15 March 2024 – In a significant move within the bookkeeping sector, Fresh Financials has announced its acquisition by Project Payables. This partnership marks a pivotal moment for Fresh Financials, a company at the forefront of providing innovative bookkeeping solutions, as it joins hands with Project Payables, known for its proprietary technology and financial operations solutions catering to SMEs with a portfolio exceeding £500 million.

The collaboration is set to redefine excellence in the bookkeeping industry, leveraging Project Payable’s advanced technology and resources. This will not only expand Fresh Financials' reach but also enhance its service offerings to SME clients throughout the UK. Furthermore, the partnership aims to transform bookkeeping practices in collaboration with accountants nationwide, ensuring efficient and seamless financial management.

Emma Fox, Founder and Managing Director of Fresh Financials, expressed her enthusiasm about the partnership. "We are incredibly excited to partner with Project Payables in this transformative journey," she stated. "This collaboration presents a unique opportunity for us to strengthen our capabilities and accelerate our growth trajectory. We are confident that together, we will set new benchmarks for excellence in the bookkeeping industry."

Project Payables also shares the vision of empowering businesses with advanced bookkeeping solutions. The acquisition of Fresh Financials is a strategic step for Project Payables to broaden its presence in the UK market and enhance its service offerings. Marc Scrimshire, Founder and CEO of Project Payables, commented on the acquisition, "We are thrilled to welcome Fresh Financials, currently Xero’s bookkeeping partner of the year, to the Project Payables family. The acquisition aligns perfectly with our mission to provide the highest quality bookkeeping service to businesses across the UK. We are confident that our partnership will unlock new opportunities for growth and innovation."

As part of this strategic move, Emma Fox will join the Board of Directors at Project Payables, contributing her extensive experience and expertise to the group. The existing Project Payables bookkeeping operations will be consolidated under the Fresh Financials brand, with Lucy Butters leading the bookkeeping team. This ensures that Fresh Financials’ values and quality processes continue to be upheld.

This partnership between Fresh Financials and Project Payables signifies a major step forward in enhancing bookkeeping services for SMEs across the UK. By combining their strengths, both companies aim to deliver unparalleled efficiency and innovation in financial management practices.