Sheffield-based Gravitate Accounting, which specialises in Xero cloud software, digital accounting and outsourced FD services, has hired six people and moved into a new office after a successful first 18 months of trading.

Gravitate Accounting has moved into a 1,500 sq ft former industrial unit on Burton Road in the Kelham Island area of the city in response to a continued rise in demand for its services. Co-owners, Sam Newton and Mike Crocker, established the business in 2019 and have since built up a broad client portfolio of SMEs, scale-ups, start-ups and large-scale businesses.

Both Mike and Sam worked together in senior accountancy roles at Shorts Chartered Accountants in Sheffield before founding Gravitate Accounting. The duo set up the business with a vision to offer bespoke accountancy services utilising the latest digital technology.

This approach has seen them work closely with entrepreneurs and business owners, offering financial advice which has seen clients flourish. The firm’s outsourced FD services have been in particular demand, offering strategic financial advice to become the financial arm of the client.

The firm has now hired digital assistant Vicki Westwood and five accountancy specialists; digital accountants Claire Conley, Zara Farr, Callum Smith, Josh Clarke and Client FD Jonathan Carr. The business has plans to hire a further three positions during this year.

Mike and Sam, are keen to re-invest wider in the regional economy as the business grows. Mike said: “We love working in Sheffield and setting up a business here was important to us. Kelham Island is a lively place with lots of tech firms and so it feels the right fit. There’s a real sense of fulfillment in employing people here in the city and we’re attracting talented staff by offering flexibility and benefits which you just don’t see in accountancy.”

Sam added: “I’m thrilled to welcome our new team members and announce moving into our fantastic new office space. This is a really pivotal stage in our growth, taking these steps to expand allows us to continually deliver the very best service for our clients."