Accountants and Advisors for growing businesses

1 Mill Street – Success Story

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.

“When I decided to make the move 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 me. 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.

If you are reading this and would like a conversation about how we can help you, then please contact us on 01926 424455.

To read more about the success of 1 Mill Street and how they work with Pentlands please visit https://www.pentlands.ltd.uk/success-stories

Source:| 21-08-2023