From spare room to accountancy boom
From left, Dave Kendall and Matthew Kendall Picture: Jerome Ellerby
By Hull Daily Mail | Posted: 26 Jul 2018
THE spare room of your parent’s house is not the first place you would associate with a successful accountancy firm, but that’s exactly where it all started for Matthew Kendall.
Fast-forward five years from being a one-man company and Kendall Accountancy Services now has its own office in Cottingham and employs seven people.
The journey has not been without its hurdles. Mr Kendall admits leaving his former job to launch his own business had been a daunting prospect, but the firm is now moving from strength-to-strength.
The managing director said: “I was working for someone else and got to the point where I thought I could do it better myself. It was a massive gamble. I started out with no clients and no idea what money was going to come in, but I would encourage anyone to do it.
“Being your own boss means you have flexible working, and you can make decisions quickly without having to wait on other people.”
Dave and Matthew Kendall
Kendall Accountancy Services grew to have four members of staff working in a tiny office joined on to Mr Kendall’s parent’s home. Last year, the business was ready to move into its own office and, when a former hair salon premises came up in Exeter Street in Cottingham, the opportunity was too good to miss.
“We had the offer to buy the place accepted in June, but we didn’t get moved in until November. We work with clients of all sizes. Our biggest company has a turnover of £5-6m, and the smallest client has a turnover of around £2,000.
“One of the things clients like about us is when they ring, we know all the bits behind the numbers.”
Matt is joined at the firm by his brother, Dave, who is also a fully-qualified accountant.
Kendall Accountancy Services is also bucking the trend when it comes to technology. Mr Kendall said while many firms still ran with the tried and tested, more traditional approach to accountancy, his business was ahead of the game.
“We have software that allows our clients to do half of the work themselves, rather than their accountants having to do all of it and charge more money.
“We are growing organically. Opening another office may not be best for the firm, as clients like the fact whoever picks up the phone knows them and their business,” he said.
Pictured, the team, from left, Katie Knowles, Tom Hood, Jo Hall, Dave Kendall and Matthew Kendall
Mr Kendall said one of the biggest things he had to adapt to when he launched the business, was not drawing a regular salary as he had when he worked for another business.
“It was a massive uncertainty, but my thought process was always to give it a go, and, if it didn’t work, try and find a job somewhere else.
“The business has reached a point, now, where if we need to invest in equipment or anything, I know it has the resources to do that, rather than it come out of my own pocket.”
Kendall Accountancy Services offers a range of bookkeeping, tax and payroll services for both companies and buy-to-let landlords.
The story is a shining example of how a business can grow, organically, from humble beginnings inside a tiny spare room, to employing seven people and laying the foundations for a successful future.
For more information on Kendall Accountancy Services, visit www.kaccountant.com
World's leading electric vehicle manufacturer commits to Hull's 200m energy park plan