Purple Lime secures six-figure loan to fund growth plans

South West accountancy firm Purple Lime has secured a six-figure loan from the British Business Bank’s South West Investment Fund to help accelerate its growth ambitions and increase its headcount.

The firm said the funding will help it to strengthen its team, unlock greater capacity and support future investment in the growth of the business. Three new jobs are being created including two new management accountants and a marketing manager.

Purple Lime is based in Brinkworth, North Wiltshire. Established in 2016 it employs 12 staff and serves around 200 clients of all sizes across the South West. The firm has been managed by Chris and Rachel Spratling since 2023 who have a focused strategy of business growth.

In addition to the standard services such as corporate finance, accounts, tax, financial management, VAT and payroll, Purple Lime offers outsourced finance director and business consulting.

Purple Lime director Chris Spratling said: “First and foremost the Purple Lime team are business enthusiasts, who just happen to be accountants. We believe in taking time to understand our clients’ overall challenges and goals. Not just their financial ones. We believe that clients should expect way more than just our financial expertise. They should be able to rely on us to be a real ‘growth partner’ and one that plays a proactive role in helping them realise their true potential.

“It’s an approach that has served us well and continues to drive our success. Expanding our already fantastic team is key to our growth, bringing further expertise and knowledge that helps us to stay at the forefront of the changing business landscape and meet increased demand from our clients. The funding is allowing us to achieve this and bolster our management and marketing teams.”

Jordan Berg, Investment executive at FW Capital, who led the deal, added: “Purple Lime is a well-established accountancy firm with a solid reputation. Since Chris and Rachel took over the helm their ambition to grow Purple Lime even more has been evident.

“They both have a very strong background of growing businesses and in addition to Purple Lime run a business growth consultancy called Chalkhill Blue. Helping SMEs to achieve ambitious growth plans is something they are well versed at achieving. I’m thrilled that the South West Investment Fund has been able to help them. It was created to drive growth, create new jobs and opportunities just like this.”